Loan Comparison: 3.06% vs 6.5%
7725 90th, Westminster, CO 80021 · 2bd/3ba · $430,000
List Price
$430,000
Assumable Rate
3.06%
Remaining Balance
$306,129
Equity Gap
$123,870
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$123,870
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 3.06% + gap loan
$2,088/moAssumed loan: $1,301/mo
Gap financing: $787/mo
$494less per month with the assumable
Your Savings on This Property
7725 90th, Westminster · 3.06% VA vs 6.5% conventional
$494
per month
$5,931
per year
$177,941
over 30 years
$177,940
interest saved
How gap financing works: The equity gap ($123,870) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($102,370 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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