Loan Comparison: 5.25% vs 6.5%
15612 96th, Commerce City, CO 80022 · 2bd/3ba · $315,000
List Price
$315,000
Assumable Rate
5.25%
Remaining Balance
$179,286
Equity Gap
$241,500
Loan Type
FHAAdjust Your Scenario
$15,750
$15,750$241,500
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 7.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 5.25% + gap loan
$2,726/moAssumed loan: $990/mo
Gap financing: $1,736/mo
Your Savings on This Property
15612 96th, Commerce City · 5.25% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($241,500) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($225,750 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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