Loan Comparison: 2.65% vs 6.5%
18099 108th, Commerce City, CO 80022 · 3bd/3ba · $550,000
List Price
$550,000
Assumable Rate
2.65%
Remaining Balance
$368,166
Equity Gap
$181,834
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$181,834
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.65% (VA)
Blended Rate: 4.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 2.65% + gap loan
$2,670/moAssumed loan: $1,484/mo
Gap financing: $1,187/mo
$632less per month with the assumable
Your Savings on This Property
18099 108th, Commerce City · 2.65% VA vs 6.5% conventional
$632
per month
$7,587
per year
$227,623
over 30 years
$227,623
interest saved
How gap financing works: The equity gap ($181,834) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($154,334 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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