Loan Comparison: 5.25% vs 6.5%
9170 Quintero, Commerce City, CO 80022 · 3bd/2ba · $549,500
List Price
$549,500
Assumable Rate
5.25%
Remaining Balance
$504,875
Equity Gap
$44,625
Loan Type
FHAAdjust Your Scenario
$27,475
$27,475$44,625
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 5.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,300/moAssumable @ 5.25% + gap loan
$2,920/moAssumed loan: $2,788/mo
Gap financing: $132/mo
$380less per month with the assumable
Your Savings on This Property
9170 Quintero, Commerce City · 5.25% FHA vs 6.5% conventional
$380
per month
$4,557
per year
$136,709
over 30 years
$136,709
interest saved
How gap financing works: The equity gap ($44,625) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,475, 5% of purchase price) and a second mortgage for the rest ($17,150 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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