Loan Comparison: 6.5% vs 6.5%
11757 Idalia Street, Commerce City, CO 80602 · 5bd/5ba · $575,000
List Price
$575,000
Assumable Rate
6.5%
Remaining Balance
$484,689
Equity Gap
$90,310
Loan Type
FHAAdjust Your Scenario
$28,750
$28,750$90,310
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 6.5% + gap loan
$3,494/moAssumed loan: $3,064/mo
Gap financing: $430/mo
Your Savings on This Property
11757 Idalia Street, Commerce City · 6.5% 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 ($90,310) 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 ($61,560 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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