Loan Comparison: 2.8% vs 6.5%
10660 Pommel Court, Parker, CO 80134 · 2bd/1ba · $575,000
List Price
$575,000
Assumable Rate
2.8%
Remaining Balance
$461,006
Equity Gap
$113,993
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$113,993
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (FHA)
Blended Rate: 3.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 2.8% + gap loan
$2,490/moAssumed loan: $1,894/mo
Gap financing: $596/mo
$962less per month with the assumable
Your Savings on This Property
10660 Pommel Court, Parker · 2.8% FHA vs 6.5% conventional
$962
per month
$11,549
per year
$346,461
over 30 years
$346,460
interest saved
How gap financing works: The equity gap ($113,993) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($85,243 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 10660 Pommel Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.