Loan Comparison: 3.08% vs 6.5%
470 Winona, Denver, CO 80204 · 6bd/2ba · $400,000
List Price
$400,000
Assumable Rate
3.08%
Remaining Balance
$319,795
Equity Gap
$80,205
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$80,205
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 3.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.08% + gap loan
$1,825/moAssumed loan: $1,362/mo
Gap financing: $463/mo
$577less per month with the assumable
Your Savings on This Property
470 Winona, Denver · 3.08% FHA vs 6.5% conventional
$577
per month
$6,922
per year
$207,658
over 30 years
$207,658
interest saved
How gap financing works: The equity gap ($80,205) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($60,205 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 470 Winona.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.