Loan Comparison: 4.67% vs 6.5%
4601 30th, Greeley, CO 80634 · 4bd/3ba · $495,000
List Price
$495,000
Assumable Rate
4.67%
Remaining Balance
$468,022
Equity Gap
$28,866
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$28,866
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.67% (VA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 4.67% + gap loan
$2,451/moAssumed loan: $2,419/mo
Gap financing: $32/mo
$522less per month with the assumable
Your Savings on This Property
4601 30th, Greeley · 4.67% VA vs 6.5% conventional
$522
per month
$6,261
per year
$187,828
over 30 years
$189,716
interest saved
How gap financing works: The equity gap ($28,866) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($4,116 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.