Loan Comparison: 2.94% vs 6.5%
11350 Kalispell, Commerce City, CO 80022 · 4bd/3ba · $688,595
List Price
$688,595
Assumable Rate
2.94%
Remaining Balance
$472,241
Equity Gap
$245,318
Loan Type
VAAdjust Your Scenario
$34,430
$34,430$245,318
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,135/moAssumable @ 2.94% + gap loan
$3,597/moAssumed loan: $1,976/mo
Gap financing: $1,622/mo
$537less per month with the assumable
Your Savings on This Property
11350 Kalispell, Commerce City · 2.94% VA vs 6.5% conventional
$537
per month
$6,450
per year
$193,495
over 30 years
$222,458
interest saved
How gap financing works: The equity gap ($245,318) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,430, 5% of purchase price) and a second mortgage for the rest ($210,888 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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