Loan Comparison: 4.88% vs 6.5%
8831 105th, Commerce City, CO 80640 · 3bd/2ba · $564,500
List Price
$564,500
Assumable Rate
4.88%
Remaining Balance
$529,411
Equity Gap
$33,618
Loan Type
VAAdjust Your Scenario
$28,225
$28,225$33,618
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.88% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,390/moAssumable @ 4.88% + gap loan
$2,845/moAssumed loan: $2,803/mo
Gap financing: $41/mo
$545less per month with the assumable
Your Savings on This Property
8831 105th, Commerce City · 4.88% VA vs 6.5% conventional
$545
per month
$6,538
per year
$196,150
over 30 years
$194,679
interest saved
How gap financing works: The equity gap ($33,618) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,225, 5% of purchase price) and a second mortgage for the rest ($5,393 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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