Loan Comparison: 3.89% vs 6.5%
12238 Idalia, Commerce City, CO 80603 · 3bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.89%
Remaining Balance
$425,816
Equity Gap
$139,975
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$139,975
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.89% (FHA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.89% + gap loan
$2,865/moAssumed loan: $2,006/mo
Gap financing: $859/mo
$528less per month with the assumable
Your Savings on This Property
12238 Idalia, Commerce City · 3.89% FHA vs 6.5% conventional
$528
per month
$6,331
per year
$189,920
over 30 years
$190,711
interest saved
How gap financing works: The equity gap ($139,975) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($111,725 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 12238 Idalia.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.