Loan Comparison: 5.52% vs 6.5%
12117 Idalia, Commerce City, CO 80603 · 5bd/4ba · $619,500
List Price
$619,500
Assumable Rate
5.52%
Remaining Balance
$477,139
Equity Gap
$143,026
Loan Type
VAAdjust Your Scenario
$30,975
$30,975$143,026
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,720/moAssumable @ 5.52% + gap loan
$3,577/moAssumed loan: $2,715/mo
Gap financing: $862/mo
$143less per month with the assumable
Your Savings on This Property
12117 Idalia, Commerce City · 5.52% VA vs 6.5% conventional
$143
per month
$1,718
per year
$51,541
over 30 years
$52,206
interest saved
How gap financing works: The equity gap ($143,026) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,975, 5% of purchase price) and a second mortgage for the rest ($112,051 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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