Loan Comparison: 4.17% vs 6.5%
248 43rd, Greeley, CO 80634 · 3bd/3ba · $445,000
List Price
$445,000
Assumable Rate
4.17%
Remaining Balance
$367,569
Equity Gap
$78,715
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$78,715
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 4.17% + gap loan
$2,225/moAssumed loan: $1,791/mo
Gap financing: $434/mo
$447less per month with the assumable
Your Savings on This Property
248 43rd, Greeley · 4.17% VA vs 6.5% conventional
$447
per month
$5,362
per year
$160,868
over 30 years
$162,152
interest saved
How gap financing works: The equity gap ($78,715) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($56,465 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.