Loan Comparison: 3.62% vs 6.5%
10018 113th, Henderson, CO 80640 · 4bd/4ba · $552,500
List Price
$552,500
Assumable Rate
3.62%
Remaining Balance
$293,327
Equity Gap
$259,172
Loan Type
FHAAdjust Your Scenario
$27,625
$27,625$259,172
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 5.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,318/moAssumable @ 3.62% + gap loan
$3,117/moAssumed loan: $1,337/mo
Gap financing: $1,780/mo
$200less per month with the assumable
Your Savings on This Property
10018 113th, Henderson · 3.62% FHA vs 6.5% conventional
$200
per month
$2,403
per year
$72,099
over 30 years
$72,098
interest saved
How gap financing works: The equity gap ($259,172) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,625, 5% of purchase price) and a second mortgage for the rest ($231,547 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 10018 113th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.