Loan Comparison: 4.37% vs 6.5%
2958 Ash, Greeley, CO 80631 · 3bd/2ba · $429,000
List Price
$429,000
Assumable Rate
4.37%
Remaining Balance
$381,481
Equity Gap
$48,054
Loan Type
VAAdjust Your Scenario
$21,450
$21,450$48,054
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (VA)
Blended Rate: 4.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,576/moAssumable @ 4.37% + gap loan
$2,108/moAssumed loan: $1,904/mo
Gap financing: $205/mo
$468less per month with the assumable
Your Savings on This Property
2958 Ash, Greeley · 4.37% VA vs 6.5% conventional
$468
per month
$5,615
per year
$168,436
over 30 years
$168,971
interest saved
How gap financing works: The equity gap ($48,054) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,450, 5% of purchase price) and a second mortgage for the rest ($26,604 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.