Loan Comparison: 3.88% vs 6.5%
14700 104th, Commerce City, CO 80022 · 2bd/3ba · $320,000
List Price
$320,000
Assumable Rate
3.88%
Remaining Balance
$114,379
Equity Gap
$206,468
Loan Type
FHAAdjust Your Scenario
$16,000
$16,000$206,468
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.88% (FHA)
Blended Rate: 6.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 3.88% + gap loan
$2,003/moAssumed loan: $538/mo
Gap financing: $1,465/mo
Your Savings on This Property
14700 104th, Commerce City · 3.88% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($206,468) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($190,468 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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