Loan Comparison: 4.67% vs 6.5%
4601 30th, Greeley, CO 80634 · 4bd/3ba · $499,000
List Price
$499,000
Assumable Rate
4.67%
Remaining Balance
$468,782
Equity Gap
$32,866
Loan Type
VAAdjust Your Scenario
$24,950
$24,950$32,866
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.67% (VA)
Blended Rate: 4.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 4.67% + gap loan
$2,484/moAssumed loan: $2,423/mo
Gap financing: $61/mo
$513less per month with the assumable
Your Savings on This Property
4601 30th, Greeley · 4.67% VA vs 6.5% conventional
$513
per month
$6,151
per year
$184,542
over 30 years
$187,190
interest saved
How gap financing works: The equity gap ($32,866) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($7,916 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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