Loan Comparison: 2.89% vs 6.5%
2251 Coronado, Denver, CO 80229 · 2bd/2ba · $282,000
List Price
$282,000
Assumable Rate
2.89%
Remaining Balance
$209,386
Equity Gap
$73,582
Loan Type
FHAAdjust Your Scenario
$14,100
$14,100$73,582
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,693/moAssumable @ 2.89% + gap loan
$1,328/moAssumed loan: $870/mo
Gap financing: $457/mo
$366less per month with the assumable
Your Savings on This Property
2251 Coronado, Denver · 2.89% FHA vs 6.5% conventional
$366
per month
$4,386
per year
$131,594
over 30 years
$132,562
interest saved
How gap financing works: The equity gap ($73,582) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,100, 5% of purchase price) and a second mortgage for the rest ($59,482 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2251 Coronado.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.