Loan Comparison: 4.275% vs 6.5%
2054 Reliance Drive, Windsor, CO 80550 · 3bd/3ba · $574,000
List Price
$574,000
Assumable Rate
4.275%
Remaining Balance
$447,994
Equity Gap
$126,006
Loan Type
VAAdjust Your Scenario
$28,700
$28,700$126,006
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.275% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,447/moAssumable @ 4.275% + gap loan
$2,891/moAssumed loan: $2,210/mo
Gap financing: $680/mo
$556less per month with the assumable
Your Savings on This Property
2054 Reliance Drive, Windsor · 4.275% VA vs 6.5% conventional
$556
per month
$6,670
per year
$200,112
over 30 years
$200,112
interest saved
How gap financing works: The equity gap ($126,006) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,700, 5% of purchase price) and a second mortgage for the rest ($97,306 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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