Loan Comparison: 4.44% vs 6.5%
7100 Zuni, Denver, CO 80221 · 3bd/2ba · $420,000
List Price
$420,000
Assumable Rate
4.44%
Remaining Balance
$274,412
Equity Gap
$144,975
Loan Type
FHAAdjust Your Scenario
$21,000
$21,000$144,975
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.44% (FHA)
Blended Rate: 5.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 4.44% + gap loan
$2,334/moAssumed loan: $1,381/mo
Gap financing: $953/mo
$188less per month with the assumable
Your Savings on This Property
7100 Zuni, Denver · 4.44% FHA vs 6.5% conventional
$188
per month
$2,257
per year
$67,699
over 30 years
$67,086
interest saved
How gap financing works: The equity gap ($144,975) 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 ($123,975 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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