Loan Comparison: 2.72% vs 6.5%
9477 Longs Peak Drive, Commerce City, CO 80601 · 3bd/2ba · $325,000
List Price
$325,000
Assumable Rate
2.72%
Remaining Balance
$211,159
Equity Gap
$113,840
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$113,840
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.72% (FHA)
Blended Rate: 4.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 2.72% + gap loan
$1,541/moAssumed loan: $859/mo
Gap financing: $682/mo
$410less per month with the assumable
Your Savings on This Property
9477 Longs Peak Drive, Commerce City · 2.72% FHA vs 6.5% conventional
$410
per month
$4,926
per year
$147,766
over 30 years
$147,765
interest saved
How gap financing works: The equity gap ($113,840) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($97,590 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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