Loan Comparison: 3.73% vs 6.5%
9349 Rifle, Commerce City, CO 80022 · 5bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.73%
Remaining Balance
$425,614
Equity Gap
$142,714
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$142,714
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.73% (VA)
Blended Rate: 4.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.73% + gap loan
$2,843/moAssumed loan: $1,966/mo
Gap financing: $876/mo
$610less per month with the assumable
Your Savings on This Property
9349 Rifle, Commerce City · 3.73% VA vs 6.5% conventional
$610
per month
$7,322
per year
$219,647
over 30 years
$212,975
interest saved
How gap financing works: The equity gap ($142,714) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($113,964 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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