Loan Comparison: 2.68% vs 6.5%
17510 95th, Commerce City, CO 80022 · 3bd/3ba · $469,995
List Price
$469,995
Assumable Rate
2.68%
Remaining Balance
$334,612
Equity Gap
$135,383
Loan Type
FHAAdjust Your Scenario
$23,500
$23,500$135,383
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 2.68% + gap loan
$2,214/moAssumed loan: $1,354/mo
Gap financing: $860/mo
$608less per month with the assumable
Your Savings on This Property
17510 95th, Commerce City · 2.68% FHA vs 6.5% conventional
$608
per month
$7,299
per year
$218,960
over 30 years
$218,959
interest saved
How gap financing works: The equity gap ($135,383) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,500, 5% of purchase price) and a second mortgage for the rest ($111,883 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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