Loan Comparison: 4.15% vs 6.5%
9999 Jasper, Commerce City, CO 80022 · 5bd/3ba · $565,000
List Price
$565,000
Assumable Rate
4.15%
Remaining Balance
$276,665
Equity Gap
$289,025
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$289,025
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.15% (FHA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 4.15% + gap loan
$3,350/moAssumed loan: $1,345/mo
Gap financing: $2,005/mo
$43less per month with the assumable
Your Savings on This Property
9999 Jasper, Commerce City · 4.15% FHA vs 6.5% conventional
$43
per month
$511
per year
$15,341
over 30 years
$16,031
interest saved
How gap financing works: The equity gap ($289,025) 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 ($260,775 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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