Loan Comparison: 3.47% vs 6.5%
10231 Yampa, Commerce City, CO 80022 · 3bd/4ba · $515,000
List Price
$515,000
Assumable Rate
3.47%
Remaining Balance
$347,206
Equity Gap
$170,099
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$170,099
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (FHA)
Blended Rate: 4.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.47% + gap loan
$2,663/moAssumed loan: $1,553/mo
Gap financing: $1,110/mo
$429less per month with the assumable
Your Savings on This Property
10231 Yampa, Commerce City · 3.47% FHA vs 6.5% conventional
$429
per month
$5,150
per year
$154,502
over 30 years
$156,807
interest saved
How gap financing works: The equity gap ($170,099) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($144,349 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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