Loan Comparison: 3.57% vs 6.5%
8500 Jefferson, Denver, CO 80237 · 1bd/1ba · $200,000
List Price
$200,000
Assumable Rate
3.57%
Remaining Balance
$50,282
Equity Gap
$149,717
Loan Type
FHAAdjust Your Scenario
$10,000
$10,000$149,717
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (FHA)
Blended Rate: 7.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,201/moAssumable @ 3.57% + gap loan
$1,302/moAssumed loan: $228/mo
Gap financing: $1,074/mo
Your Savings on This Property
8500 Jefferson, Denver · 3.57% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($149,717) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,000, 5% of purchase price) and a second mortgage for the rest ($139,717 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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