Loan Comparison: 4.07% vs 6.5%
10494 Ouray, Commerce City, CO 80022 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
4.07%
Remaining Balance
$342,222
Equity Gap
$179,241
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$179,241
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.07% (FHA)
Blended Rate: 5.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 4.07% + gap loan
$2,826/moAssumed loan: $1,648/mo
Gap financing: $1,178/mo
$296less per month with the assumable
Your Savings on This Property
10494 Ouray, Commerce City · 4.07% FHA vs 6.5% conventional
$296
per month
$3,558
per year
$106,727
over 30 years
$108,190
interest saved
How gap financing works: The equity gap ($179,241) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($153,241 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 10494 Ouray.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.