Loan Comparison: 3.23% vs 6.5%
16389 99th, Commerce City, CO 80022 · 4bd/3ba · $589,000
List Price
$589,000
Assumable Rate
3.23%
Remaining Balance
$284,499
Equity Gap
$305,787
Loan Type
VAAdjust Your Scenario
$29,450
$29,450$305,787
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,537/moAssumable @ 3.23% + gap loan
$3,360/moAssumed loan: $1,235/mo
Gap financing: $2,125/mo
$177less per month with the assumable
Your Savings on This Property
16389 99th, Commerce City · 3.23% VA vs 6.5% conventional
$177
per month
$2,123
per year
$63,687
over 30 years
$64,973
interest saved
How gap financing works: The equity gap ($305,787) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,450, 5% of purchase price) and a second mortgage for the rest ($276,337 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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