Loan Comparison: 2.68% vs 6.5%
4893 Halifax, Denver, CO 80249 · 2bd/2ba · $425,000
List Price
$425,000
Assumable Rate
2.68%
Remaining Balance
$332,960
Equity Gap
$92,040
Loan Type
FHAAdjust Your Scenario
$21,250
$21,250$92,040
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 3.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.68% + gap loan
$1,891/moAssumed loan: $1,347/mo
Gap financing: $544/mo
$661less per month with the assumable
Your Savings on This Property
4893 Halifax, Denver · 2.68% FHA vs 6.5% conventional
$661
per month
$7,928
per year
$237,850
over 30 years
$237,850
interest saved
How gap financing works: The equity gap ($92,040) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($70,790 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 4893 Halifax.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.