Loan Comparison: 2.83% vs 6.5%
9862 Reunion, Commerce City, CO 80022 · 3bd/3ba · $479,000
List Price
$479,000
Assumable Rate
2.83%
Remaining Balance
$322,907
Equity Gap
$156,093
Loan Type
VAAdjust Your Scenario
$23,950
$23,950$156,093
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,876/moAssumable @ 2.83% + gap loan
$2,348/moAssumed loan: $1,332/mo
Gap financing: $1,016/mo
$528less per month with the assumable
Your Savings on This Property
9862 Reunion, Commerce City · 2.83% VA vs 6.5% conventional
$528
per month
$6,338
per year
$190,151
over 30 years
$190,151
interest saved
How gap financing works: The equity gap ($156,093) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,950, 5% of purchase price) and a second mortgage for the rest ($132,143 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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