Loan Comparison: 4.99% vs 6.5%
9074 Truckee Court, Commerce City, CO 80022 · 3bd/3ba · $580,000
List Price
$580,000
Assumable Rate
4.99%
Remaining Balance
$547,421
Equity Gap
$32,579
Loan Type
FHAAdjust Your Scenario
$29,000
$29,000$32,579
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (FHA)
Blended Rate: 5.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 4.99% + gap loan
$2,960/moAssumed loan: $2,935/mo
Gap financing: $25/mo
$522less per month with the assumable
Your Savings on This Property
9074 Truckee Court, Commerce City · 4.99% FHA vs 6.5% conventional
$522
per month
$6,268
per year
$188,043
over 30 years
$188,043
interest saved
How gap financing works: The equity gap ($32,579) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($3,579 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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