Loan Comparison: 3.69% vs 6.5%
11500 118th, Commerce City, CO 80640 · 4bd/3ba · $679,000
List Price
$679,000
Assumable Rate
3.69%
Remaining Balance
$415,394
Equity Gap
$264,886
Loan Type
VAAdjust Your Scenario
$33,950
$33,950$264,886
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,077/moAssumable @ 3.69% + gap loan
$3,685/moAssumed loan: $1,910/mo
Gap financing: $1,776/mo
$392less per month with the assumable
Your Savings on This Property
11500 118th, Commerce City · 3.69% VA vs 6.5% conventional
$392
per month
$4,702
per year
$141,054
over 30 years
$142,334
interest saved
How gap financing works: The equity gap ($264,886) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,950, 5% of purchase price) and a second mortgage for the rest ($230,936 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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