Loan Comparison: 6.14% vs 6.5%
6780 Kearney Street, Commerce City, CO 80022 · 4bd/3ba · $500,000
List Price
$500,000
Assumable Rate
6.14%
Remaining Balance
$59,389
Equity Gap
$440,611
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$440,611
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.14% (FHA)
Blended Rate: 7.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 6.14% + gap loan
$3,267/moAssumed loan: $361/mo
Gap financing: $2,906/mo
Your Savings on This Property
6780 Kearney Street, Commerce City · 6.14% 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 ($440,611) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($415,611 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 6780 Kearney Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.