Loan Comparison: 5.93% vs 6.5%
8477 Jason, Denver, CO 80260 · 5bd/4ba · $500,000
List Price
$500,000
Assumable Rate
5.93%
Remaining Balance
$53,988
Equity Gap
$446,012
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$446,012
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.93% (FHA)
Blended Rate: 8.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 5.93% + gap loan
$3,558/moAssumed loan: $321/mo
Gap financing: $3,237/mo
Your Savings on This Property
8477 Jason, Denver · 5.93% 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 ($446,012) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($421,012 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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