Loan Comparison: 4.17% vs 6.5%
17110 104th Place, Commerce City, CO 80022 · 3bd/2ba · $535,000
List Price
$535,000
Assumable Rate
4.17%
Remaining Balance
$329,299
Equity Gap
$205,700
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$205,700
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 4.17% + gap loan
$2,856/moAssumed loan: $1,605/mo
Gap financing: $1,251/mo
$357less per month with the assumable
Your Savings on This Property
17110 104th Place, Commerce City · 4.17% VA vs 6.5% conventional
$357
per month
$4,280
per year
$128,402
over 30 years
$128,401
interest saved
How gap financing works: The equity gap ($205,700) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($178,950 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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