Loan Comparison: 2.87% vs 6.5%
1301 Wolff, Denver, CO 80219 · 3bd/1ba · $439,997
List Price
$439,997
Assumable Rate
2.87%
Remaining Balance
$306,657
Equity Gap
$132,651
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$132,651
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (FHA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.87% + gap loan
$2,122/moAssumed loan: $1,271/mo
Gap financing: $851/mo
$520less per month with the assumable
Your Savings on This Property
1301 Wolff, Denver · 2.87% FHA vs 6.5% conventional
$520
per month
$6,237
per year
$187,106
over 30 years
$186,417
interest saved
How gap financing works: The equity gap ($132,651) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($110,651 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 1301 Wolff.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.