Loan Comparison: 3.76% vs 6.5%
4776 Federal, Denver, CO 80211 · 3bd/2ba · $690,000
List Price
$690,000
Assumable Rate
3.76%
Remaining Balance
$578,091
Equity Gap
$134,143
Loan Type
FHAAdjust Your Scenario
$34,500
$34,500$134,143
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 3.76% + gap loan
$3,447/moAssumed loan: $2,681/mo
Gap financing: $766/mo
$697less per month with the assumable
Your Savings on This Property
4776 Federal, Denver · 3.76% FHA vs 6.5% conventional
$697
per month
$8,358
per year
$250,750
over 30 years
$272,984
interest saved
How gap financing works: The equity gap ($134,143) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($99,643 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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