Loan Comparison: 3.77% vs 6.5%
9917 Olathe, Commerce City, CO 80022 · 4bd/3ba · $539,000
List Price
$539,000
Assumable Rate
3.77%
Remaining Balance
$343,433
Equity Gap
$194,810
Loan Type
FHAAdjust Your Scenario
$26,950
$26,950$194,810
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 3.77% + gap loan
$2,885/moAssumed loan: $1,594/mo
Gap financing: $1,291/mo
$351less per month with the assumable
Your Savings on This Property
9917 Olathe, Commerce City · 3.77% FHA vs 6.5% conventional
$351
per month
$4,217
per year
$126,509
over 30 years
$125,752
interest saved
How gap financing works: The equity gap ($194,810) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($167,860 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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