Loan Comparison: 4.05% vs 6.5%
15656 107th, Commerce City, CO 80022 · 5bd/4ba · $598,800
List Price
$598,800
Assumable Rate
4.05%
Remaining Balance
$254,977
Equity Gap
$343,823
Loan Type
VAAdjust Your Scenario
$29,940
$29,940$343,823
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,596/moAssumable @ 4.05% + gap loan
$3,638/moAssumed loan: $1,225/mo
Gap financing: $2,413/mo
Your Savings on This Property
15656 107th, Commerce City · 4.05% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($343,823) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,940, 5% of purchase price) and a second mortgage for the rest ($313,883 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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