Loan Comparison: 3.6% vs 6.5%
961 83rd, Denver, CO 80229 · 5bd/3ba · $525,000
List Price
$525,000
Assumable Rate
3.6%
Remaining Balance
$248,558
Equity Gap
$365,731
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$365,731
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (FHA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.6% + gap loan
$3,740/moAssumed loan: $1,130/mo
Gap financing: $2,610/mo
Your Savings on This Property
961 83rd, Denver · 3.6% 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 ($365,731) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($339,481 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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