Loan Comparison: 3.06% vs 6.5%
16871 119th, Commerce City, CO 80022 · 3bd/3ba · $424,900
List Price
$424,900
Assumable Rate
3.06%
Remaining Balance
$328,022
Equity Gap
$96,164
Loan Type
VAAdjust Your Scenario
$21,245
$21,245$96,164
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,551/moAssumable @ 3.06% + gap loan
$1,970/moAssumed loan: $1,394/mo
Gap financing: $576/mo
$582less per month with the assumable
Your Savings on This Property
16871 119th, Commerce City · 3.06% VA vs 6.5% conventional
$582
per month
$6,981
per year
$209,419
over 30 years
$208,705
interest saved
How gap financing works: The equity gap ($96,164) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,245, 5% of purchase price) and a second mortgage for the rest ($74,919 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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