Loan Comparison: 4.57% vs 6.5%
10250 Olathe, Commerce City, CO 80022 · 4bd/3ba · $595,000
List Price
$595,000
Assumable Rate
4.57%
Remaining Balance
$298,749
Equity Gap
$296,251
Loan Type
FHAAdjust Your Scenario
$29,750
$29,750$296,251
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.57% (FHA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 4.57% + gap loan
$3,575/moAssumed loan: $1,526/mo
Gap financing: $2,049/mo
Your Savings on This Property
10250 Olathe, Commerce City · 4.57% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($296,251) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($266,501 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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