Loan Comparison: 2.88% vs 6.5%
9819 Truckee, Commerce City, CO 80022 · 5bd/4ba · $690,000
List Price
$690,000
Assumable Rate
2.88%
Remaining Balance
$550,026
Equity Gap
$139,974
Loan Type
FHAAdjust Your Scenario
$34,500
$34,500$139,974
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (FHA)
Blended Rate: 3.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 2.88% + gap loan
$3,094/moAssumed loan: $2,283/mo
Gap financing: $811/mo
$1,049less per month with the assumable
Your Savings on This Property
9819 Truckee, Commerce City · 2.88% FHA vs 6.5% conventional
$1,049
per month
$12,585
per year
$377,538
over 30 years
$377,538
interest saved
How gap financing works: The equity gap ($139,974) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($105,474 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.
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