Loan Comparison: 3.88% vs 6.5%
8457 Jason Ct, Denver, CO 80260 · 5bd/2ba · $475,000
List Price
$475,000
Assumable Rate
3.88%
Remaining Balance
$87,458
Equity Gap
$387,542
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$387,542
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.88% (FHA)
Blended Rate: 7.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.88% + gap loan
$3,209/moAssumed loan: $412/mo
Gap financing: $2,797/mo
Your Savings on This Property
8457 Jason Ct, Denver · 3.88% 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 ($387,542) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($363,792 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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