Loan Comparison: 4.14% vs 6.5%
8613 Clay Street, Westminster, CO 80002 · 5bd/2ba · $164,900
List Price
$164,900
Assumable Rate
4.14%
Remaining Balance
$26,875
Equity Gap
$138,025
Loan Type
VAAdjust Your Scenario
$8,245
$8,245$138,025
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (VA)
Blended Rate: 6.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$990/moAssumable @ 4.14% + gap loan
$1,038/moAssumed loan: $130/mo
Gap financing: $907/mo
Your Savings on This Property
8613 Clay Street, Westminster · 4.14% 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 ($138,025) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($8,245, 5% of purchase price) and a second mortgage for the rest ($129,780 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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