Loan Comparison: 3.76% vs 6.5%
9867 Lane, Denver, CO 80260 · 2bd/1ba · $270,000
List Price
$270,000
Assumable Rate
3.76%
Remaining Balance
$122,884
Equity Gap
$147,350
Loan Type
FHAAdjust Your Scenario
$13,500
$13,500$147,350
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 6.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,621/moAssumable @ 3.76% + gap loan
$1,599/moAssumed loan: $570/mo
Gap financing: $1,029/mo
$22less per month with the assumable
Your Savings on This Property
9867 Lane, Denver · 3.76% FHA vs 6.5% conventional
$22
per month
$267
per year
$8,018
over 30 years
$8,252
interest saved
How gap financing works: The equity gap ($147,350) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,500, 5% of purchase price) and a second mortgage for the rest ($133,850 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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