Loan Comparison: 4.17% vs 6.5%
6563 Globeflower, Wellington, CO 80549 · 4bd/4ba · $595,000
List Price
$595,000
Assumable Rate
4.17%
Remaining Balance
$559,714
Equity Gap
$35,286
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$35,286
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 4.17% + gap loan
$2,770/moAssumed loan: $2,727/mo
Gap financing: $43/mo
$803less per month with the assumable
Your Savings on This Property
6563 Globeflower, Wellington · 4.17% VA vs 6.5% conventional
$803
per month
$9,635
per year
$289,041
over 30 years
$289,041
interest saved
How gap financing works: The equity gap ($35,286) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($5,536 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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