Loan Comparison: 4.57% vs 6.5%
4581 Fraser, Denver, CO 80239 · 3bd/2ba · $399,999
List Price
$399,999
Assumable Rate
4.57%
Remaining Balance
$288,944
Equity Gap
$134,070
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$134,070
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.57% (FHA)
Blended Rate: 5.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 4.57% + gap loan
$2,353/moAssumed loan: $1,476/mo
Gap financing: $877/mo
$49less per month with the assumable
Your Savings on This Property
4581 Fraser, Denver · 4.57% FHA vs 6.5% conventional
$49
per month
$584
per year
$17,523
over 30 years
$40,537
interest saved
How gap financing works: The equity gap ($134,070) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($114,070 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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