Loan Comparison: 4.05% vs 6.5%
17490 104th, Commerce City, CO 80022 · 5bd/4ba · $549,900
List Price
$549,900
Assumable Rate
4.05%
Remaining Balance
$373,900
Equity Gap
$207,540
Loan Type
FHAAdjust Your Scenario
$27,495
$27,495$207,540
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (FHA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 4.05% + gap loan
$3,180/moAssumed loan: $1,796/mo
Gap financing: $1,384/mo
$122less per month with the assumable
Your Savings on This Property
17490 104th, Commerce City · 4.05% FHA vs 6.5% conventional
$122
per month
$1,461
per year
$43,817
over 30 years
$75,357
interest saved
How gap financing works: The equity gap ($207,540) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($180,045 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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