Loan Comparison: 5.41% vs 6.5%
17886 107th, Commerce City, CO 80022 · 5bd/4ba · $550,000
List Price
$550,000
Assumable Rate
5.41%
Remaining Balance
$492,035
Equity Gap
$56,587
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$56,587
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 5.41% + gap loan
$2,990/moAssumed loan: $2,766/mo
Gap financing: $224/mo
$313less per month with the assumable
Your Savings on This Property
17886 107th, Commerce City · 5.41% VA vs 6.5% conventional
$313
per month
$3,755
per year
$112,644
over 30 years
$111,266
interest saved
How gap financing works: The equity gap ($56,587) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($29,087 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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