Loan Comparison: 2.77% vs 6.5%
11250 Florence, Commerce City, CO 80640 · 3bd/3ba · $360,000
List Price
$360,000
Assumable Rate
2.77%
Remaining Balance
$270,631
Equity Gap
$89,369
Loan Type
FHAAdjust Your Scenario
$18,000
$18,000$89,369
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (FHA)
Blended Rate: 3.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,162/moAssumable @ 2.77% + gap loan
$1,656/moAssumed loan: $1,108/mo
Gap financing: $549/mo
$505less per month with the assumable
Your Savings on This Property
11250 Florence, Commerce City · 2.77% FHA vs 6.5% conventional
$505
per month
$6,063
per year
$181,876
over 30 years
$181,876
interest saved
How gap financing works: The equity gap ($89,369) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,000, 5% of purchase price) and a second mortgage for the rest ($71,369 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 11250 Florence.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.