Loan Comparison: 3.67% vs 6.5%
2849 Syracuse, Denver, CO 80238 · 3bd/2ba · $262,931
List Price
$262,931
Assumable Rate
3.67%
Remaining Balance
$106,047
Equity Gap
$156,884
Loan Type
FHAAdjust Your Scenario
$13,147
$13,147$156,884
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (FHA)
Blended Rate: 6.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,579/moAssumable @ 3.67% + gap loan
$1,592/moAssumed loan: $486/mo
Gap financing: $1,105/mo
Your Savings on This Property
2849 Syracuse, Denver · 3.67% 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 ($156,884) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,147, 5% of purchase price) and a second mortgage for the rest ($143,737 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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