Loan Comparison: 3.07% vs 6.5%
8813 Osceola Street, Westminster, CO 80031 · 3bd/2ba · $525,000
List Price
$525,000
Assumable Rate
3.07%
Remaining Balance
$457,975
Equity Gap
$67,024
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$67,024
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.07% + gap loan
$2,233/moAssumed loan: $1,948/mo
Gap financing: $285/mo
$919less per month with the assumable
Your Savings on This Property
8813 Osceola Street, Westminster · 3.07% VA vs 6.5% conventional
$919
per month
$11,030
per year
$330,900
over 30 years
$330,899
interest saved
How gap financing works: The equity gap ($67,024) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($40,774 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.
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