Loan Comparison: 3.45% vs 6.5%
21539 Crestridge Place, Centennial, CO 80015 · 3bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.45%
Remaining Balance
$348,393
Equity Gap
$226,607
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$226,607
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.45% + gap loan
$2,938/moAssumed loan: $1,555/mo
Gap financing: $1,383/mo
$514less per month with the assumable
Your Savings on This Property
21539 Crestridge Place, Centennial · 3.45% VA vs 6.5% conventional
$514
per month
$6,174
per year
$185,218
over 30 years
$185,218
interest saved
How gap financing works: The equity gap ($226,607) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($197,857 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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