Loan Comparison: 3.54% vs 6.5%
1850 Raritan, Denver, CO 80223 · 3bd/2ba · $468,000
List Price
$468,000
Assumable Rate
3.54%
Remaining Balance
$121,371
Equity Gap
$346,629
Loan Type
FHAAdjust Your Scenario
$23,400
$23,400$346,629
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.54% (FHA)
Blended Rate: 7.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,810/moAssumable @ 3.54% + gap loan
$3,033/moAssumed loan: $548/mo
Gap financing: $2,485/mo
Your Savings on This Property
1850 Raritan, Denver · 3.54% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($346,629) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,400, 5% of purchase price) and a second mortgage for the rest ($323,229 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.
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