Loan Comparison: 6.5% vs 6.5%
15501 112th Avenue, Commerce City, CO 80022 · 3bd/3ba · $405,000
List Price
$405,000
Assumable Rate
6.5%
Remaining Balance
$345,160
Equity Gap
$59,840
Loan Type
FHAAdjust Your Scenario
$20,250
$20,250$59,840
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,432/moAssumable @ 6.5% + gap loan
$2,458/moAssumed loan: $2,182/mo
Gap financing: $277/mo
Your Savings on This Property
15501 112th Avenue, Commerce City · 6.5% 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 ($59,840) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,250, 5% of purchase price) and a second mortgage for the rest ($39,590 at 7.5%). 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.
🏠
Back to This Listing
View photos, details, and request a showing for 15501 112th Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.