Loan Comparison: 3.45% vs 6.5%
17463 98th, Commerce City, CO 80022 · 4bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.45%
Remaining Balance
$278,968
Equity Gap
$288,499
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$288,499
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.45% + gap loan
$3,246/moAssumed loan: $1,245/mo
Gap financing: $2,001/mo
$147less per month with the assumable
Your Savings on This Property
17463 98th, Commerce City · 3.45% VA vs 6.5% conventional
$147
per month
$1,759
per year
$52,782
over 30 years
$55,249
interest saved
How gap financing works: The equity gap ($288,499) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($260,249 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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