Loan Comparison: 2.68% vs 6.5%
10739 Worchester, Commerce City, CO 80022 · 4bd/3ba · $579,900
List Price
$579,900
Assumable Rate
2.68%
Remaining Balance
$355,611
Equity Gap
$229,875
Loan Type
FHAAdjust Your Scenario
$28,995
$28,995$229,875
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 4.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,482/moAssumable @ 2.68% + gap loan
$2,983/moAssumed loan: $1,439/mo
Gap financing: $1,545/mo
$499less per month with the assumable
Your Savings on This Property
10739 Worchester, Commerce City · 2.68% FHA vs 6.5% conventional
$499
per month
$5,987
per year
$179,605
over 30 years
$185,191
interest saved
How gap financing works: The equity gap ($229,875) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,995, 5% of purchase price) and a second mortgage for the rest ($200,880 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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