Loan Comparison: 4.37% vs 6.5%
2551 Arkansas, Denver, CO 80219 · 6bd/2ba · $499,999
List Price
$499,999
Assumable Rate
4.37%
Remaining Balance
$90,427
Equity Gap
$409,948
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$409,948
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (FHA)
Blended Rate: 7.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 4.37% + gap loan
$3,411/moAssumed loan: $451/mo
Gap financing: $2,960/mo
Your Savings on This Property
2551 Arkansas, Denver · 4.37% 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 ($409,948) 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 ($384,948 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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