Loan Comparison: 6.54% vs 6.5%
8870 106th Place, Henderson, CO 80640 · 5bd/5ba · $464,900
List Price
$464,900
Assumable Rate
6.54%
Remaining Balance
$374,311
Equity Gap
$90,588
Loan Type
VAAdjust Your Scenario
$23,245
$23,245$90,588
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.54% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 6.54% + gap loan
$2,847/moAssumed loan: $2,376/mo
Gap financing: $471/mo
Your Savings on This Property
8870 106th Place, Henderson · 6.54% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($90,588) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,245, 5% of purchase price) and a second mortgage for the rest ($67,343 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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