Loan Comparison: 3.45% vs 6.5%
8199 Welby, Denver, CO 80229 · 3bd/3ba · $299,000
List Price
$299,000
Assumable Rate
3.45%
Remaining Balance
$228,133
Equity Gap
$71,879
Loan Type
FHAAdjust Your Scenario
$14,950
$14,950$71,879
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,795/moAssumable @ 3.45% + gap loan
$1,456/moAssumed loan: $1,018/mo
Gap financing: $438/mo
$340less per month with the assumable
Your Savings on This Property
8199 Welby, Denver · 3.45% FHA vs 6.5% conventional
$340
per month
$4,075
per year
$122,253
over 30 years
$123,265
interest saved
How gap financing works: The equity gap ($71,879) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,950, 5% of purchase price) and a second mortgage for the rest ($56,929 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 8199 Welby.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.