Loan Comparison: 3.61% vs 6.5%
4844 117th, Westminster, CO 80031 · 3bd/3ba · $700,000
List Price
$700,000
Assumable Rate
3.61%
Remaining Balance
$284,449
Equity Gap
$415,550
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$415,550
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (VA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.61% + gap loan
$4,221/moAssumed loan: $1,295/mo
Gap financing: $2,926/mo
Your Savings on This Property
4844 117th, Westminster · 3.61% 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 ($415,550) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($380,550 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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