Loan Comparison: 6.64% vs 6.5%
18043 107th Avenue, Commerce City, CO 80022 · 2bd/3ba · $475,000
List Price
$475,000
Assumable Rate
6.64%
Remaining Balance
$26,275
Equity Gap
$448,725
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$448,725
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.64% (FHA)
Blended Rate: 7.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 6.64% + gap loan
$3,140/moAssumed loan: $169/mo
Gap financing: $2,971/mo
Your Savings on This Property
18043 107th Avenue, Commerce City · 6.64% 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 ($448,725) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($424,975 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 18043 107th Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.