Loan Comparison: 3.35% vs 6.5%
11922 Oak Hill, Commerce City, CO 80640 · 2bd/2ba · $260,000
List Price
$260,000
Assumable Rate
3.35%
Remaining Balance
$82,621
Equity Gap
$177,682
Loan Type
VAAdjust Your Scenario
$13,000
$13,000$177,682
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (VA)
Blended Rate: 6.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,561/moAssumable @ 3.35% + gap loan
$1,630/moAssumed loan: $364/mo
Gap financing: $1,266/mo
Your Savings on This Property
11922 Oak Hill, Commerce City · 3.35% 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 ($177,682) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,000, 5% of purchase price) and a second mortgage for the rest ($164,682 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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