Loan Comparison: 2.66% vs 6.5%
14574 Andrews, Denver, CO 80239 · 5bd/4ba · $485,000
List Price
$485,000
Assumable Rate
2.66%
Remaining Balance
$174,760
Equity Gap
$323,946
Loan Type
FHAAdjust Your Scenario
$24,250
$24,250$323,946
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (FHA)
Blended Rate: 6.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 2.66% + gap loan
$3,010/moAssumed loan: $705/mo
Gap financing: $2,304/mo
Your Savings on This Property
14574 Andrews, Denver · 2.66% 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 ($323,946) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($299,696 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 14574 Andrews.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.