Loan Comparison: 2.81% vs 6.5%
6647 Pecos, Denver, CO 80221 · 3bd/3ba · $480,000
List Price
$480,000
Assumable Rate
2.81%
Remaining Balance
$457,854
Equity Gap
$102,146
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$102,146
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (FHA)
Blended Rate: 3.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 2.81% + gap loan
$2,485/moAssumed loan: $1,884/mo
Gap financing: $601/mo
$398less per month with the assumable
Your Savings on This Property
6647 Pecos, Denver · 2.81% FHA vs 6.5% conventional
$398
per month
$4,771
per year
$143,144
over 30 years
$223,144
interest saved
How gap financing works: The equity gap ($102,146) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($78,146 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 6647 Pecos.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.