Loan Comparison: 4.27% vs 6.5%
4233 Maplewood, Centennial, CO 80121 · 3bd/2ba · $398,900
List Price
$398,900
Assumable Rate
4.27%
Remaining Balance
$261,415
Equity Gap
$137,484
Loan Type
VAAdjust Your Scenario
$19,945
$19,945$137,484
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.27% (VA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,395/moAssumable @ 4.27% + gap loan
$2,193/moAssumed loan: $1,289/mo
Gap financing: $904/mo
$202less per month with the assumable
Your Savings on This Property
4233 Maplewood, Centennial · 4.27% VA vs 6.5% conventional
$202
per month
$2,429
per year
$72,869
over 30 years
$72,868
interest saved
How gap financing works: The equity gap ($137,484) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,945, 5% of purchase price) and a second mortgage for the rest ($117,539 at 8.5%). 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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