Loan Comparison: 4.07% vs 6.5%
2835 4th, Denver, CO 80219 · 3bd/1ba · $485,000
List Price
$485,000
Assumable Rate
4.07%
Remaining Balance
$128,703
Equity Gap
$374,039
Loan Type
FHAAdjust Your Scenario
$24,250
$24,250$374,039
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.07% (FHA)
Blended Rate: 7.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 4.07% + gap loan
$3,309/moAssumed loan: $620/mo
Gap financing: $2,690/mo
Your Savings on This Property
2835 4th, Denver · 4.07% 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 ($374,039) 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 ($349,789 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.