Loan Comparison: 3.08% vs 6.5%
11002 Unity Lane, Commerce City, CO 80022 · 5bd/3ba · $570,000
List Price
$570,000
Assumable Rate
3.08%
Remaining Balance
$452,822
Equity Gap
$117,178
Loan Type
VAAdjust Your Scenario
$28,500
$28,500$117,178
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,423/moAssumable @ 3.08% + gap loan
$2,549/moAssumed loan: $1,929/mo
Gap financing: $620/mo
$874less per month with the assumable
Your Savings on This Property
11002 Unity Lane, Commerce City · 3.08% VA vs 6.5% conventional
$874
per month
$10,487
per year
$314,600
over 30 years
$314,600
interest saved
How gap financing works: The equity gap ($117,178) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,500, 5% of purchase price) and a second mortgage for the rest ($88,678 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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