Loan Comparison: 2.5% vs 6.5%
13284 109th Avenue, Commerce City, CO 80022 · 4bd/3ba · $550,000
List Price
$550,000
Assumable Rate
2.5%
Remaining Balance
$445,163
Equity Gap
$104,836
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$104,836
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 3.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 2.5% + gap loan
$2,300/moAssumed loan: $1,759/mo
Gap financing: $541/mo
$1,003less per month with the assumable
Your Savings on This Property
13284 109th Avenue, Commerce City · 2.5% VA vs 6.5% conventional
$1,003
per month
$12,035
per year
$361,036
over 30 years
$361,035
interest saved
How gap financing works: The equity gap ($104,836) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($77,336 at 7.5%). 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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