Loan Comparison: 2.9% vs 6.5%
8660 De Soto, Denver, CO 80229 · 0bd/0ba · $460,000
List Price
$460,000
Assumable Rate
2.9%
Remaining Balance
$415,133
Equity Gap
$63,463
Loan Type
FHAAdjust Your Scenario
$23,000
$23,000$63,463
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (FHA)
Blended Rate: 3.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 2.9% + gap loan
$2,039/moAssumed loan: $1,728/mo
Gap financing: $311/mo
$723less per month with the assumable
Your Savings on This Property
8660 De Soto, Denver · 2.9% FHA vs 6.5% conventional
$723
per month
$8,677
per year
$260,317
over 30 years
$278,913
interest saved
How gap financing works: The equity gap ($63,463) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,000, 5% of purchase price) and a second mortgage for the rest ($40,463 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 8660 De Soto.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.