Loan Comparison: 3.78% vs 6.5%
4305 14th St Dr, Greeley, CO 80634 · 4bd/4ba · $539,900
List Price
$539,900
Assumable Rate
3.78%
Remaining Balance
$359,264
Equity Gap
$180,635
Loan Type
VAAdjust Your Scenario
$26,995
$26,995$180,635
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.78% (VA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,242/moAssumable @ 3.78% + gap loan
$2,744/moAssumed loan: $1,670/mo
Gap financing: $1,074/mo
$498less per month with the assumable
Your Savings on This Property
4305 14th St Dr, Greeley · 3.78% VA vs 6.5% conventional
$498
per month
$5,972
per year
$179,174
over 30 years
$179,173
interest saved
How gap financing works: The equity gap ($180,635) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,995, 5% of purchase price) and a second mortgage for the rest ($153,640 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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