Loan Comparison: 3.26% vs 6.5%
2540 Valley View, Denver, CO 80221 · 3bd/2ba · $320,000
List Price
$320,000
Assumable Rate
3.26%
Remaining Balance
$114,404
Equity Gap
$250,629
Loan Type
FHAAdjust Your Scenario
$16,000
$16,000$250,629
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.26% (FHA)
Blended Rate: 6.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 3.26% + gap loan
$2,303/moAssumed loan: $499/mo
Gap financing: $1,804/mo
Your Savings on This Property
2540 Valley View, Denver · 3.26% 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 ($250,629) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($234,629 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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