Loan Comparison: 3.34% vs 6.5%
10303 Pitkin, Commerce City, CO 80022 · 4bd/4ba · $610,000
List Price
$610,000
Assumable Rate
3.34%
Remaining Balance
$458,773
Equity Gap
$151,226
Loan Type
FHAAdjust Your Scenario
$30,500
$30,500$151,226
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (FHA)
Blended Rate: 4.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,663/moAssumable @ 3.34% + gap loan
$2,948/moAssumed loan: $2,019/mo
Gap financing: $928/mo
$715less per month with the assumable
Your Savings on This Property
10303 Pitkin, Commerce City · 3.34% FHA vs 6.5% conventional
$715
per month
$8,583
per year
$257,478
over 30 years
$257,477
interest saved
How gap financing works: The equity gap ($151,226) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,500, 5% of purchase price) and a second mortgage for the rest ($120,726 at 8.5%). 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 10303 Pitkin.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.