Loan Comparison: 5.52% vs 6.5%
5255 Memphis, Denver, CO 80239 · 2bd/2ba · $309,900
List Price
$309,900
Assumable Rate
5.52%
Remaining Balance
$246,315
Equity Gap
$63,237
Loan Type
FHAAdjust Your Scenario
$15,495
$15,495$63,237
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (FHA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 5.52% + gap loan
$1,769/moAssumed loan: $1,402/mo
Gap financing: $367/mo
$92less per month with the assumable
Your Savings on This Property
5255 Memphis, Denver · 5.52% FHA vs 6.5% conventional
$92
per month
$1,105
per year
$33,157
over 30 years
$32,809
interest saved
How gap financing works: The equity gap ($63,237) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,495, 5% of purchase price) and a second mortgage for the rest ($47,742 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 5255 Memphis.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.