Loan Comparison: 6.36% vs 6.5%
9170 Sedalia Street, Commerce City, CO 80022 · 2bd/3ba · $565,000
List Price
$565,000
Assumable Rate
6.36%
Remaining Balance
$530,740
Equity Gap
$34,259
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$34,259
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.36% (VA)
Blended Rate: 6.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 6.36% + gap loan
$3,348/moAssumed loan: $3,306/mo
Gap financing: $42/mo
$45less per month with the assumable
Your Savings on This Property
9170 Sedalia Street, Commerce City · 6.36% VA vs 6.5% conventional
$45
per month
$536
per year
$16,087
over 30 years
$16,086
interest saved
How gap financing works: The equity gap ($34,259) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($6,009 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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