Loan Comparison: 3.07% vs 6.5%
10560 Racine, Commerce City, CO 80022 · 3bd/3ba · $499,999
List Price
$499,999
Assumable Rate
3.07%
Remaining Balance
$442,061
Equity Gap
$57,938
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$57,938
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.07% + gap loan
$2,134/moAssumed loan: $1,880/mo
Gap financing: $253/mo
$869less per month with the assumable
Your Savings on This Property
10560 Racine, Commerce City · 3.07% VA vs 6.5% conventional
$869
per month
$10,423
per year
$312,687
over 30 years
$312,687
interest saved
How gap financing works: The equity gap ($57,938) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($32,938 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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