Loan Comparison: 2.94% vs 6.5%
2546 Easter, Centennial, CO 80122 · 3bd/2ba · $436,500
List Price
$436,500
Assumable Rate
2.94%
Remaining Balance
$223,760
Equity Gap
$212,740
Loan Type
VAAdjust Your Scenario
$21,825
$21,825$212,740
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,621/moAssumable @ 2.94% + gap loan
$2,404/moAssumed loan: $936/mo
Gap financing: $1,468/mo
$217less per month with the assumable
Your Savings on This Property
2546 Easter, Centennial · 2.94% VA vs 6.5% conventional
$217
per month
$2,603
per year
$78,084
over 30 years
$78,084
interest saved
How gap financing works: The equity gap ($212,740) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,825, 5% of purchase price) and a second mortgage for the rest ($190,915 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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