Loan Comparison: 3.69% vs 6.5%
11500 118th, Commerce City, CO 80640 · 4bd/3ba · $649,000
List Price
$649,000
Assumable Rate
3.69%
Remaining Balance
$413,204
Equity Gap
$234,886
Loan Type
VAAdjust Your Scenario
$32,450
$32,450$234,886
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 3.69% + gap loan
$3,456/moAssumed loan: $1,900/mo
Gap financing: $1,557/mo
$441less per month with the assumable
Your Savings on This Property
11500 118th, Commerce City · 3.69% VA vs 6.5% conventional
$441
per month
$5,291
per year
$158,719
over 30 years
$157,809
interest saved
How gap financing works: The equity gap ($234,886) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($202,436 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 11500 118th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.