Loan Comparison: 3.55% vs 6.5%
2435 91st, Denver, CO 80260 · 3bd/2ba · $344,900
List Price
$344,900
Assumable Rate
3.55%
Remaining Balance
$97,436
Equity Gap
$248,185
Loan Type
FHAAdjust Your Scenario
$17,245
$17,245$248,185
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (FHA)
Blended Rate: 7.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,071/moAssumable @ 3.55% + gap loan
$2,216/moAssumed loan: $440/mo
Gap financing: $1,776/mo
Your Savings on This Property
2435 91st, Denver · 3.55% 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 ($248,185) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,245, 5% of purchase price) and a second mortgage for the rest ($230,940 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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