Loan Comparison: 3.29% vs 6.5%
11658 Community Center, Northglenn, CO 80233 · 2bd/2ba · $315,000
List Price
$315,000
Assumable Rate
3.29%
Remaining Balance
$75,851
Equity Gap
$239,148
Loan Type
VAAdjust Your Scenario
$15,750
$15,750$239,148
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.29% (VA)
Blended Rate: 7.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 3.29% + gap loan
$2,050/moAssumed loan: $332/mo
Gap financing: $1,718/mo
Your Savings on This Property
11658 Community Center, Northglenn · 3.29% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($239,148) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($223,398 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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