Loan Comparison: 3.97% vs 6.5%
4528 Andes, Denver, CO 80249 · 3bd/2ba · $429,900
List Price
$429,900
Assumable Rate
3.97%
Remaining Balance
$231,216
Equity Gap
$209,694
Loan Type
FHAAdjust Your Scenario
$21,495
$21,495$209,694
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.97% (FHA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,581/moAssumable @ 3.97% + gap loan
$2,547/moAssumed loan: $1,100/mo
Gap financing: $1,447/mo
$34less per month with the assumable
Your Savings on This Property
4528 Andes, Denver · 3.97% FHA vs 6.5% conventional
$34
per month
$413
per year
$12,400
over 30 years
$23,410
interest saved
How gap financing works: The equity gap ($209,694) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,495, 5% of purchase price) and a second mortgage for the rest ($188,199 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 4528 Andes.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.