Loan Comparison: 2.5% vs 6.5%
13284 109th, Commerce City, CO 80022 · 4bd/4ba · $655,000
List Price
$655,000
Assumable Rate
2.5%
Remaining Balance
$451,478
Equity Gap
$203,522
Loan Type
VAAdjust Your Scenario
$32,750
$32,750$203,522
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 4.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,933/moAssumable @ 2.5% + gap loan
$3,097/moAssumed loan: $1,784/mo
Gap financing: $1,313/mo
$836less per month with the assumable
Your Savings on This Property
13284 109th, Commerce City · 2.5% VA vs 6.5% conventional
$836
per month
$10,033
per year
$300,985
over 30 years
$300,985
interest saved
How gap financing works: The equity gap ($203,522) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,750, 5% of purchase price) and a second mortgage for the rest ($170,772 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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