Loan Comparison: 4.17% vs 6.5%
5480 Niagara, Commerce City, CO 80022 · 2bd/2ba · $399,000
List Price
$399,000
Assumable Rate
4.17%
Remaining Balance
$201,337
Equity Gap
$199,653
Loan Type
VAAdjust Your Scenario
$19,950
$19,950$199,653
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 6.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 4.17% + gap loan
$2,363/moAssumed loan: $981/mo
Gap financing: $1,382/mo
$33less per month with the assumable
Your Savings on This Property
5480 Niagara, Commerce City · 4.17% VA vs 6.5% conventional
$33
per month
$397
per year
$11,895
over 30 years
$13,885
interest saved
How gap financing works: The equity gap ($199,653) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,950, 5% of purchase price) and a second mortgage for the rest ($179,703 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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