Loan Comparison: 2.72% vs 6.5%
8964 Dartmouth, Denver, CO 80227 · 2bd/2ba · $339,900
List Price
$339,900
Assumable Rate
2.72%
Remaining Balance
$240,316
Equity Gap
$100,158
Loan Type
FHAAdjust Your Scenario
$16,995
$16,995$100,158
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.72% (FHA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 2.72% + gap loan
$1,617/moAssumed loan: $977/mo
Gap financing: $639/mo
$424less per month with the assumable
Your Savings on This Property
8964 Dartmouth, Denver · 2.72% FHA vs 6.5% conventional
$424
per month
$5,091
per year
$152,738
over 30 years
$153,312
interest saved
How gap financing works: The equity gap ($100,158) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($83,163 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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