Loan Comparison: 5.22% vs 6.5%
6338 Julian, Denver, CO 80221 · 4bd/2ba · $1,250,000
List Price
$1,250,000
Assumable Rate
5.22%
Remaining Balance
$1,024,572
Equity Gap
$437,339
Loan Type
FHAAdjust Your Scenario
$62,500
$62,500$437,339
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (FHA)
Blended Rate: 6.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,506/moAssumable @ 5.22% + gap loan
$8,521/moAssumed loan: $5,639/mo
Gap financing: $2,882/mo
Your Savings on This Property
6338 Julian, Denver · 5.22% 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 ($437,339) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($62,500, 5% of purchase price) and a second mortgage for the rest ($374,839 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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