Loan Comparison: 2.99% vs 6.5%
10527 Troy, Commerce City, CO 80022 · 6bd/3ba · $544,000
List Price
$544,000
Assumable Rate
2.99%
Remaining Balance
$337,395
Equity Gap
$206,604
Loan Type
VAAdjust Your Scenario
$27,200
$27,200$206,604
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 4.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,267/moAssumable @ 2.99% + gap loan
$2,800/moAssumed loan: $1,421/mo
Gap financing: $1,379/mo
$466less per month with the assumable
Your Savings on This Property
10527 Troy, Commerce City · 2.99% VA vs 6.5% conventional
$466
per month
$5,597
per year
$167,909
over 30 years
$167,908
interest saved
How gap financing works: The equity gap ($206,604) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,200, 5% of purchase price) and a second mortgage for the rest ($179,404 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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