Loan Comparison: 3.62% vs 6.5%
10770 Claire, Denver, CO 80234 · 7bd/3ba · $549,000
List Price
$549,000
Assumable Rate
3.62%
Remaining Balance
$397,125
Equity Gap
$227,586
Loan Type
FHAAdjust Your Scenario
$27,450
$27,450$227,586
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 3.62% + gap loan
$3,349/moAssumed loan: $1,810/mo
Gap financing: $1,539/mo
Your Savings on This Property
10770 Claire, Denver · 3.62% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$56,884
interest saved
How gap financing works: The equity gap ($227,586) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($200,136 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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