Loan Comparison: 5.75% vs 6.5%
5690 Bryant, Denver, CO 80221 · 3bd/2ba · $420,000
List Price
$420,000
Assumable Rate
5.75%
Remaining Balance
$88,044
Equity Gap
$333,427
Loan Type
FHAAdjust Your Scenario
$21,000
$21,000$333,427
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.75% (FHA)
Blended Rate: 7.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 5.75% + gap loan
$2,916/moAssumed loan: $514/mo
Gap financing: $2,402/mo
Your Savings on This Property
5690 Bryant, Denver · 5.75% 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 ($333,427) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($312,427 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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