Loan Comparison: 4.17% vs 6.5%
16563 119th Way, Commerce City, CO 80022 · 3bd/2ba · $423,900
List Price
$423,900
Assumable Rate
4.17%
Remaining Balance
$393,275
Equity Gap
$30,625
Loan Type
FHAAdjust Your Scenario
$21,195
$21,195$30,625
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,545/moAssumable @ 4.17% + gap loan
$1,982/moAssumed loan: $1,916/mo
Gap financing: $66/mo
$563less per month with the assumable
Your Savings on This Property
16563 119th Way, Commerce City · 4.17% FHA vs 6.5% conventional
$563
per month
$6,758
per year
$202,727
over 30 years
$202,727
interest saved
How gap financing works: The equity gap ($30,625) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,195, 5% of purchase price) and a second mortgage for the rest ($9,430 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 16563 119th Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.