Loan Comparison: 2.89% vs 6.5%
9457 108th, Commerce City, CO 80640 · 3bd/4ba · $485,000
List Price
$485,000
Assumable Rate
2.89%
Remaining Balance
$340,186
Equity Gap
$144,813
Loan Type
FHAAdjust Your Scenario
$24,250
$24,250$144,813
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 2.89% + gap loan
$2,341/moAssumed loan: $1,414/mo
Gap financing: $927/mo
$571less per month with the assumable
Your Savings on This Property
9457 108th, Commerce City · 2.89% FHA vs 6.5% conventional
$571
per month
$6,853
per year
$205,594
over 30 years
$205,593
interest saved
How gap financing works: The equity gap ($144,813) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($120,563 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.
🏠
Back to This Listing
View photos, details, and request a showing for 9457 108th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.