Loan Comparison: 2.5% vs 6.5%
13284 109th, Commerce City, CO 80022 · 4bd/4ba · $579,000
List Price
$579,000
Assumable Rate
2.5%
Remaining Balance
$450,431
Equity Gap
$124,002
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$124,002
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 3.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 2.5% + gap loan
$2,511/moAssumed loan: $1,780/mo
Gap financing: $731/mo
$966less per month with the assumable
Your Savings on This Property
13284 109th, Commerce City · 2.5% VA vs 6.5% conventional
$966
per month
$11,593
per year
$347,787
over 30 years
$343,220
interest saved
How gap financing works: The equity gap ($124,002) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($95,052 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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