Loan Comparison: 6.92% vs 6.5%
15849 108th Court, Commerce City, CO 80022 · 3bd/3ba · $660,000
List Price
$660,000
Assumable Rate
6.92%
Remaining Balance
$568,133
Equity Gap
$91,867
Loan Type
FHAAdjust Your Scenario
$33,000
$33,000$91,867
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.92% (FHA)
Blended Rate: 6.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,963/moAssumable @ 6.92% + gap loan
$4,161/moAssumed loan: $3,749/mo
Gap financing: $412/mo
Your Savings on This Property
15849 108th Court, Commerce City · 6.92% 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 ($91,867) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,000, 5% of purchase price) and a second mortgage for the rest ($58,867 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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