Loan Comparison: 4.67% vs 6.5%
2125 26th Ave Ct, Greeley, CO 80634 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
4.67%
Remaining Balance
$389,071
Equity Gap
$60,928
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$60,928
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.67% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.67% + gap loan
$2,280/moAssumed loan: $2,011/mo
Gap financing: $269/mo
$423less per month with the assumable
Your Savings on This Property
2125 26th Ave Ct, Greeley · 4.67% VA vs 6.5% conventional
$423
per month
$5,070
per year
$152,113
over 30 years
$152,112
interest saved
How gap financing works: The equity gap ($60,928) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($38,428 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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