Loan Comparison: 6.81% vs 6.5%
17941 95th Place, Commerce City, CO 80022 · 3bd/1ba · $479,900
List Price
$479,900
Assumable Rate
6.81%
Remaining Balance
$444,711
Equity Gap
$35,188
Loan Type
FHAAdjust Your Scenario
$23,995
$23,995$35,188
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (FHA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 6.81% + gap loan
$2,980/moAssumed loan: $2,902/mo
Gap financing: $78/mo
Your Savings on This Property
17941 95th Place, Commerce City · 6.81% 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 ($35,188) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,995, 5% of purchase price) and a second mortgage for the rest ($11,193 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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