Loan Comparison: 4.49% vs 6.5%
3660 99th, Denver, CO 80229 · 4bd/3ba · $519,999
List Price
$519,999
Assumable Rate
4.49%
Remaining Balance
$169,281
Equity Gap
$350,718
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$350,718
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.49% (FHA)
Blended Rate: 7.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 4.49% + gap loan
$3,354/moAssumed loan: $857/mo
Gap financing: $2,497/mo
Your Savings on This Property
3660 99th, Denver · 4.49% 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 ($350,718) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($324,718 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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