Loan Comparison: 1% vs 6.5%
11697 Olathe, Commerce City, CO 80022 · 4bd/3ba · $734,900
List Price
$734,900
Assumable Rate
1%
Remaining Balance
$425,166
Equity Gap
$289,046
Loan Type
VAAdjust Your Scenario
$36,745
$36,745$289,046
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 1% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 1% + gap loan
$3,307/moAssumed loan: $1,368/mo
Gap financing: $1,940/mo
$1,105less per month with the assumable
Your Savings on This Property
11697 Olathe, Commerce City · 1% VA vs 6.5% conventional
$1,105
per month
$13,264
per year
$397,921
over 30 years
$377,233
interest saved
How gap financing works: The equity gap ($289,046) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,745, 5% of purchase price) and a second mortgage for the rest ($252,301 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.
🏠
Back to This Listing
View photos, details, and request a showing for 11697 Olathe.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.