Loan Comparison: 3.73% vs 6.5%
9349 Rifle Street, Commerce City, CO 80022 · 1bd/1ba · $525,000
List Price
$525,000
Assumable Rate
3.73%
Remaining Balance
$432,286
Equity Gap
$92,714
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$92,714
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.73% (VA)
Blended Rate: 4.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.73% + gap loan
$2,462/moAssumed loan: $1,997/mo
Gap financing: $465/mo
$691less per month with the assumable
Your Savings on This Property
9349 Rifle Street, Commerce City · 3.73% VA vs 6.5% conventional
$691
per month
$8,288
per year
$248,628
over 30 years
$248,628
interest saved
How gap financing works: The equity gap ($92,714) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($66,464 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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