Loan Comparison: 6.84% vs 6.5%
15987 115th Place, Commerce City, CO 80603 · 3bd/3ba · $679,999
List Price
$679,999
Assumable Rate
6.84%
Remaining Balance
$584,304
Equity Gap
$95,695
Loan Type
VAAdjust Your Scenario
$34,000
$34,000$95,695
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.84% (VA)
Blended Rate: 6.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,083/moAssumable @ 6.84% + gap loan
$4,256/moAssumed loan: $3,825/mo
Gap financing: $431/mo
Your Savings on This Property
15987 115th Place, Commerce City · 6.84% 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 ($95,695) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,000, 5% of purchase price) and a second mortgage for the rest ($61,695 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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