Loan Comparison: 4.15% vs 6.5%
9999 Jasper, Commerce City, CO 80022 · 5bd/3ba · $550,000
List Price
$550,000
Assumable Rate
4.15%
Remaining Balance
$275,974
Equity Gap
$274,025
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$274,025
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.15% (FHA)
Blended Rate: 6.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 4.15% + gap loan
$3,237/moAssumed loan: $1,342/mo
Gap financing: $1,896/mo
$65less per month with the assumable
Your Savings on This Property
9999 Jasper, Commerce City · 4.15% FHA vs 6.5% conventional
$65
per month
$786
per year
$23,570
over 30 years
$23,569
interest saved
How gap financing works: The equity gap ($274,025) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($246,525 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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