Loan Comparison: 4.05% vs 6.5%
7101 Yale, Denver, CO 80227 · 3bd/4ba · $449,999
List Price
$449,999
Assumable Rate
4.05%
Remaining Balance
$205,205
Equity Gap
$244,794
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$244,794
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.05% + gap loan
$2,695/moAssumed loan: $986/mo
Gap financing: $1,709/mo
$7less per month with the assumable
Your Savings on This Property
7101 Yale, Denver · 4.05% FHA vs 6.5% conventional
$7
per month
$87
per year
$2,603
over 30 years
$2,603
interest saved
How gap financing works: The equity gap ($244,794) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($222,294 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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