Loan Comparison: 4.05% vs 6.5%
10891 Chambers Way, Commerce City, CO 80601 · 3bd/3ba · $635,000
List Price
$635,000
Assumable Rate
4.05%
Remaining Balance
$385,816
Equity Gap
$249,184
Loan Type
FHAAdjust Your Scenario
$31,750
$31,750$249,184
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 5.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,813/moAssumable @ 4.05% + gap loan
$3,373/moAssumed loan: $1,853/mo
Gap financing: $1,520/mo
$440less per month with the assumable
Your Savings on This Property
10891 Chambers Way, Commerce City · 4.05% FHA vs 6.5% conventional
$440
per month
$5,274
per year
$158,233
over 30 years
$158,233
interest saved
How gap financing works: The equity gap ($249,184) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,750, 5% of purchase price) and a second mortgage for the rest ($217,434 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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