Loan Comparison: 3.75% vs 6.5%
10186 Ventura Street, Commerce City, CO 80022 · 2bd/3ba · $560,000
List Price
$560,000
Assumable Rate
3.75%
Remaining Balance
$501,828
Equity Gap
$58,171
Loan Type
FHAAdjust Your Scenario
$28,000
$28,000$58,171
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (FHA)
Blended Rate: 3.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,363/moAssumable @ 3.75% + gap loan
$2,535/moAssumed loan: $2,324/mo
Gap financing: $211/mo
$828less per month with the assumable
Your Savings on This Property
10186 Ventura Street, Commerce City · 3.75% FHA vs 6.5% conventional
$828
per month
$9,931
per year
$297,935
over 30 years
$297,934
interest saved
How gap financing works: The equity gap ($58,171) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,000, 5% of purchase price) and a second mortgage for the rest ($30,171 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.
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