Loan Comparison: 2.2% vs 6.5%
12665 104th, Commerce City, CO 80022 · 4bd/2ba · $500,000
List Price
$500,000
Assumable Rate
2.2%
Remaining Balance
$299,932
Equity Gap
$214,410
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$214,410
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.2% (VA)
Blended Rate: 4.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.2% + gap loan
$2,595/moAssumed loan: $1,139/mo
Gap financing: $1,456/mo
$407less per month with the assumable
Your Savings on This Property
12665 104th, Commerce City · 2.2% VA vs 6.5% conventional
$407
per month
$4,885
per year
$146,549
over 30 years
$160,891
interest saved
How gap financing works: The equity gap ($214,410) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($189,410 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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