Loan Comparison: 5.13% vs 6.5%
7525 82nd, Commerce City, CO 80022 · 2bd/2ba · $424,999
List Price
$424,999
Assumable Rate
5.13%
Remaining Balance
$403,020
Equity Gap
$25,281
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$25,281
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.13% (VA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 5.13% + gap loan
$2,227/moAssumed loan: $2,196/mo
Gap financing: $31/mo
$325less per month with the assumable
Your Savings on This Property
7525 82nd, Commerce City · 5.13% VA vs 6.5% conventional
$325
per month
$3,904
per year
$117,123
over 30 years
$120,425
interest saved
How gap financing works: The equity gap ($25,281) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($4,031 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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