Loan Comparison: 2.99% vs 6.5%
10527 Troy, Commerce City, CO 80022 · 6bd/3ba · $514,000
List Price
$514,000
Assumable Rate
2.99%
Remaining Balance
$335,941
Equity Gap
$176,342
Loan Type
VAAdjust Your Scenario
$25,700
$25,700$176,342
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,086/moAssumable @ 2.99% + gap loan
$2,573/moAssumed loan: $1,415/mo
Gap financing: $1,158/mo
$514less per month with the assumable
Your Savings on This Property
10527 Troy, Commerce City · 2.99% VA vs 6.5% conventional
$514
per month
$6,163
per year
$184,879
over 30 years
$183,162
interest saved
How gap financing works: The equity gap ($176,342) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,700, 5% of purchase price) and a second mortgage for the rest ($150,642 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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