Loan Comparison: 5.41% vs 6.5%
2525 Dayton, Denver, CO 80231 · 1bd/1ba · $245,000
List Price
$245,000
Assumable Rate
5.41%
Remaining Balance
$232,205
Equity Gap
$12,464
Loan Type
FHAAdjust Your Scenario
$12,250
$12,250$12,464
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 5.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,471/moAssumable @ 5.41% + gap loan
$1,307/moAssumed loan: $1,305/mo
Gap financing: $2/mo
$164less per month with the assumable
Your Savings on This Property
2525 Dayton, Denver · 5.41% FHA vs 6.5% conventional
$164
per month
$1,970
per year
$59,091
over 30 years
$58,760
interest saved
How gap financing works: The equity gap ($12,464) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,250, 5% of purchase price) and a second mortgage for the rest ($214 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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