Loan Comparison: 3.75% vs 6.5%
10186 Ventura, Commerce City, CO 80022 · 4bd/3ba · $560,000
List Price
$560,000
Assumable Rate
3.75%
Remaining Balance
$504,739
Equity Gap
$57,157
Loan Type
FHAAdjust Your Scenario
$28,000
$28,000$57,157
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (FHA)
Blended Rate: 4.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,363/moAssumable @ 3.75% + gap loan
$2,562/moAssumed loan: $2,338/mo
Gap financing: $224/mo
$801less per month with the assumable
Your Savings on This Property
10186 Ventura, Commerce City · 3.75% FHA vs 6.5% conventional
$801
per month
$9,611
per year
$288,319
over 30 years
$290,215
interest saved
How gap financing works: The equity gap ($57,157) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,000, 5% of purchase price) and a second mortgage for the rest ($29,157 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 10186 Ventura.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.