Loan Comparison: 5.52% vs 6.5%
12117 Idalia, Commerce City, CO 80603 · 5bd/4ba · $589,900
List Price
$589,900
Assumable Rate
5.52%
Remaining Balance
$476,474
Equity Gap
$113,426
Loan Type
VAAdjust Your Scenario
$29,495
$29,495$113,426
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,542/moAssumable @ 5.52% + gap loan
$3,357/moAssumed loan: $2,711/mo
Gap financing: $645/mo
$185less per month with the assumable
Your Savings on This Property
12117 Idalia, Commerce City · 5.52% VA vs 6.5% conventional
$185
per month
$2,225
per year
$66,757
over 30 years
$66,757
interest saved
How gap financing works: The equity gap ($113,426) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,495, 5% of purchase price) and a second mortgage for the rest ($83,931 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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