Loan Comparison: 3.81% vs 6.5%
3654 115th, Denver, CO 80233 · 4bd/2ba · $500,000
List Price
$500,000
Assumable Rate
3.81%
Remaining Balance
$310,939
Equity Gap
$201,688
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$201,688
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.81% (FHA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.81% + gap loan
$2,809/moAssumed loan: $1,451/mo
Gap financing: $1,359/mo
$193less per month with the assumable
Your Savings on This Property
3654 115th, Denver · 3.81% FHA vs 6.5% conventional
$193
per month
$2,318
per year
$69,527
over 30 years
$82,154
interest saved
How gap financing works: The equity gap ($201,688) 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 ($176,688 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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