Loan Comparison: 2.88% vs 6.5%
4440 Prairie Street, Cascade, CO 80809 · 4bd/3ba · $579,999
List Price
$579,999
Assumable Rate
2.88%
Remaining Balance
$481,039
Equity Gap
$98,959
Loan Type
VAAdjust Your Scenario
$29,000
$29,000$98,959
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 2.88% + gap loan
$2,486/moAssumed loan: $1,997/mo
Gap financing: $489/mo
$996less per month with the assumable
Your Savings on This Property
4440 Prairie Street, Cascade · 2.88% VA vs 6.5% conventional
$996
per month
$11,957
per year
$358,720
over 30 years
$358,719
interest saved
How gap financing works: The equity gap ($98,959) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($69,959 at 7.5%). 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 4440 Prairie Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.