Loan Comparison: 2.87% vs 6.5%
10934 Pitkin, Commerce City, CO 80022 · 5bd/4ba · $639,900
List Price
$639,900
Assumable Rate
2.87%
Remaining Balance
$252,776
Equity Gap
$387,124
Loan Type
VAAdjust Your Scenario
$31,995
$31,995$387,124
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,842/moAssumable @ 2.87% + gap loan
$3,779/moAssumed loan: $1,048/mo
Gap financing: $2,731/mo
$64less per month with the assumable
Your Savings on This Property
10934 Pitkin, Commerce City · 2.87% VA vs 6.5% conventional
$64
per month
$764
per year
$22,919
over 30 years
$22,919
interest saved
How gap financing works: The equity gap ($387,124) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,995, 5% of purchase price) and a second mortgage for the rest ($355,129 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.
🏠
Back to This Listing
View photos, details, and request a showing for 10934 Pitkin.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.