Loan Comparison: 3.75% vs 6.5%
11500 118th Avenue, Commerce City, CO 80640 · 3bd/3ba · $629,000
List Price
$629,000
Assumable Rate
3.75%
Remaining Balance
$411,006
Equity Gap
$217,994
Loan Type
VAAdjust Your Scenario
$31,450
$31,450$217,994
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,777/moAssumable @ 3.75% + gap loan
$3,208/moAssumed loan: $1,903/mo
Gap financing: $1,304/mo
$569less per month with the assumable
Your Savings on This Property
11500 118th Avenue, Commerce City · 3.75% VA vs 6.5% conventional
$569
per month
$6,830
per year
$204,893
over 30 years
$204,893
interest saved
How gap financing works: The equity gap ($217,994) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,450, 5% of purchase price) and a second mortgage for the rest ($186,544 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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