Loan Comparison: 6.3% vs 6.5%
5055 108th Circle, Westminster, CO 80031 · 5bd/3ba · $975,000
List Price
$975,000
Assumable Rate
6.3%
Remaining Balance
$723,746
Equity Gap
$251,254
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$251,254
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.3% (VA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 6.3% + gap loan
$5,896/moAssumed loan: $4,480/mo
Gap financing: $1,416/mo
Your Savings on This Property
5055 108th Circle, Westminster · 6.3% 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 ($251,254) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($202,504 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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