Loan Comparison: 2.2% vs 6.5%
12665 104th Place, Commerce City, CO 80022 · 3bd/2ba · $487,500
List Price
$487,500
Assumable Rate
2.2%
Remaining Balance
$283,672
Equity Gap
$203,828
Loan Type
VAAdjust Your Scenario
$24,375
$24,375$203,828
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.2% (VA)
Blended Rate: 4.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,927/moAssumable @ 2.2% + gap loan
$2,332/moAssumed loan: $1,077/mo
Gap financing: $1,255/mo
$595less per month with the assumable
Your Savings on This Property
12665 104th Place, Commerce City · 2.2% VA vs 6.5% conventional
$595
per month
$7,145
per year
$214,344
over 30 years
$214,344
interest saved
How gap financing works: The equity gap ($203,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,375, 5% of purchase price) and a second mortgage for the rest ($179,453 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.
🏠
Back to This Listing
View photos, details, and request a showing for 12665 104th Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.