Loan Comparison: 3.08% vs 6.5%
11002 Unity, Commerce City, CO 80022 · 4bd/3ba · $590,900
List Price
$590,900
Assumable Rate
3.08%
Remaining Balance
$457,876
Equity Gap
$135,038
Loan Type
VAAdjust Your Scenario
$29,545
$29,545$135,038
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,548/moAssumable @ 3.08% + gap loan
$2,761/moAssumed loan: $1,950/mo
Gap financing: $811/mo
$787less per month with the assumable
Your Savings on This Property
11002 Unity, Commerce City · 3.08% VA vs 6.5% conventional
$787
per month
$9,441
per year
$283,234
over 30 years
$285,248
interest saved
How gap financing works: The equity gap ($135,038) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,545, 5% of purchase price) and a second mortgage for the rest ($105,493 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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