Loan Comparison: 3.62% vs 6.5%
11049 Eagle Creek Parkway, Commerce City, CO 80022 · 5bd/3ba · $434,900
List Price
$434,900
Assumable Rate
3.62%
Remaining Balance
$299,382
Equity Gap
$135,517
Loan Type
FHAAdjust Your Scenario
$21,745
$21,745$135,517
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (FHA)
Blended Rate: 4.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,611/moAssumable @ 3.62% + gap loan
$2,160/moAssumed loan: $1,364/mo
Gap financing: $796/mo
$451less per month with the assumable
Your Savings on This Property
11049 Eagle Creek Parkway, Commerce City · 3.62% FHA vs 6.5% conventional
$451
per month
$5,417
per year
$162,510
over 30 years
$162,509
interest saved
How gap financing works: The equity gap ($135,517) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,745, 5% of purchase price) and a second mortgage for the rest ($113,772 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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