Loan Comparison: 3.87% vs 6.5%
4664 Clayton, Denver, CO 80216 · 3bd/2ba · $400,000
List Price
$400,000
Assumable Rate
3.87%
Remaining Balance
$190,590
Equity Gap
$258,785
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$258,785
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.87% (FHA)
Blended Rate: 6.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.87% + gap loan
$2,732/moAssumed loan: $896/mo
Gap financing: $1,836/mo
Your Savings on This Property
4664 Clayton, Denver · 3.87% 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 ($258,785) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($238,785 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 4664 Clayton.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.