Loan Comparison: 4.44% vs 6.5%
7100 Zuni, Denver, CO 80221 · 3bd/2ba · $440,000
List Price
$440,000
Assumable Rate
4.44%
Remaining Balance
$275,024
Equity Gap
$164,975
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$164,975
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.44% (FHA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 4.44% + gap loan
$2,483/moAssumed loan: $1,384/mo
Gap financing: $1,099/mo
$159less per month with the assumable
Your Savings on This Property
7100 Zuni, Denver · 4.44% FHA vs 6.5% conventional
$159
per month
$1,908
per year
$57,230
over 30 years
$57,229
interest saved
How gap financing works: The equity gap ($164,975) 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 ($142,975 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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