Loan Comparison: 3.64% vs 6.5%
10207 Walden, Commerce City, CO 80022 · 4bd/4ba · $510,000
List Price
$510,000
Assumable Rate
3.64%
Remaining Balance
$504,252
Equity Gap
$77,840
Loan Type
FHAAdjust Your Scenario
$25,500
$25,500$77,840
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.64% (FHA)
Blended Rate: 4.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.64% + gap loan
$2,706/moAssumed loan: $2,304/mo
Gap financing: $402/mo
$356less per month with the assumable
Your Savings on This Property
10207 Walden, Commerce City · 3.64% FHA vs 6.5% conventional
$356
per month
$4,272
per year
$128,165
over 30 years
$200,257
interest saved
How gap financing works: The equity gap ($77,840) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($52,340 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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