Loan Comparison: 2.89% vs 6.5%
4673 Lincoln, Denver, CO 80216 · 2bd/1ba · $425,000
List Price
$425,000
Assumable Rate
2.89%
Remaining Balance
$305,025
Equity Gap
$119,262
Loan Type
FHAAdjust Your Scenario
$21,250
$21,250$119,262
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.89% + gap loan
$2,022/moAssumed loan: $1,268/mo
Gap financing: $754/mo
$530less per month with the assumable
Your Savings on This Property
4673 Lincoln, Denver · 2.89% FHA vs 6.5% conventional
$530
per month
$6,364
per year
$190,935
over 30 years
$190,222
interest saved
How gap financing works: The equity gap ($119,262) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($98,012 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 4673 Lincoln.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.