Loan Comparison: 7.08% vs 6.5%
13125 102nd Place, Commerce City, CO 80022 · 5bd/5ba · $579,000
List Price
$579,000
Assumable Rate
7.08%
Remaining Balance
$517,017
Equity Gap
$61,982
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$61,982
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.08% (VA)
Blended Rate: 7.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 7.08% + gap loan
$3,699/moAssumed loan: $3,468/mo
Gap financing: $231/mo
Your Savings on This Property
13125 102nd Place, Commerce City · 7.08% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($61,982) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($33,032 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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