Loan Comparison: 4.56% vs 6.5%
1368 Downing, Denver, CO 80218 · 1bd/1ba · $225,000
List Price
$225,000
Assumable Rate
4.56%
Remaining Balance
$77,163
Equity Gap
$148,155
Loan Type
FHAAdjust Your Scenario
$11,250
$11,250$148,155
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.56% (FHA)
Blended Rate: 7.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,351/moAssumable @ 4.56% + gap loan
$1,446/moAssumed loan: $394/mo
Gap financing: $1,053/mo
Your Savings on This Property
1368 Downing, Denver · 4.56% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($148,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,250, 5% of purchase price) and a second mortgage for the rest ($136,905 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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