Loan Comparison: 4.82% vs 6.5%
10008 Vaughn, Commerce City, CO 80022 · 5bd/4ba · $684,000
List Price
$684,000
Assumable Rate
4.82%
Remaining Balance
$638,698
Equity Gap
$41,404
Loan Type
VAAdjust Your Scenario
$34,200
$34,200$41,404
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.82% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,107/moAssumable @ 4.82% + gap loan
$3,414/moAssumed loan: $3,359/mo
Gap financing: $55/mo
$693less per month with the assumable
Your Savings on This Property
10008 Vaughn, Commerce City · 4.82% VA vs 6.5% conventional
$693
per month
$8,316
per year
$249,492
over 30 years
$245,594
interest saved
How gap financing works: The equity gap ($41,404) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,200, 5% of purchase price) and a second mortgage for the rest ($7,204 at 8.5%). 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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