Loan Comparison: 3.53% vs 6.5%
3621 Pontiac, Denver, CO 80207 · 2bd/1ba · $439,000
List Price
$439,000
Assumable Rate
3.53%
Remaining Balance
$70,950
Equity Gap
$368,050
Loan Type
FHAAdjust Your Scenario
$21,950
$21,950$368,050
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.53% (FHA)
Blended Rate: 7.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 3.53% + gap loan
$2,981/moAssumed loan: $320/mo
Gap financing: $2,661/mo
Your Savings on This Property
3621 Pontiac, Denver · 3.53% 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 ($368,050) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($346,100 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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