Loan Comparison: 5.25% vs 6.5%
9170 Quintero, Commerce City, CO 80022 · 3bd/2ba · $553,000
List Price
$553,000
Assumable Rate
5.25%
Remaining Balance
$507,495
Equity Gap
$46,155
Loan Type
FHAAdjust Your Scenario
$27,650
$27,650$46,155
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%
$3,321/moAssumable @ 5.25% + gap loan
$2,945/moAssumed loan: $2,802/mo
Gap financing: $142/mo
$376less per month with the assumable
Your Savings on This Property
9170 Quintero, Commerce City · 5.25% FHA vs 6.5% conventional
$376
per month
$4,511
per year
$135,315
over 30 years
$135,965
interest saved
How gap financing works: The equity gap ($46,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,650, 5% of purchase price) and a second mortgage for the rest ($18,505 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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