Loan Comparison: 4.37% vs 6.5%
2958 Ash, Greeley, CO 80631 · 3bd/2ba · $415,000
List Price
$415,000
Assumable Rate
4.37%
Remaining Balance
$381,481
Equity Gap
$34,054
Loan Type
VAAdjust Your Scenario
$20,750
$20,750$34,054
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (VA)
Blended Rate: 4.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 4.37% + gap loan
$2,006/moAssumed loan: $1,904/mo
Gap financing: $102/mo
$486less per month with the assumable
Your Savings on This Property
2958 Ash, Greeley · 4.37% VA vs 6.5% conventional
$486
per month
$5,833
per year
$174,988
over 30 years
$175,523
interest saved
How gap financing works: The equity gap ($34,054) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,750, 5% of purchase price) and a second mortgage for the rest ($13,304 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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