Loan Comparison: 3.75% vs 6.5%
11500 118th, Commerce City, CO 80640 · 4bd/3ba · $629,000
List Price
$629,000
Assumable Rate
3.75%
Remaining Balance
$411,919
Equity Gap
$217,081
Loan Type
VAAdjust Your Scenario
$31,450
$31,450$217,081
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 5.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,777/moAssumable @ 3.75% + gap loan
$3,335/moAssumed loan: $1,908/mo
Gap financing: $1,427/mo
$442less per month with the assumable
Your Savings on This Property
11500 118th, Commerce City · 3.75% VA vs 6.5% conventional
$442
per month
$5,303
per year
$159,091
over 30 years
$159,091
interest saved
How gap financing works: The equity gap ($217,081) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,450, 5% of purchase price) and a second mortgage for the rest ($185,631 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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