Loan Comparison: 3.45% vs 6.5%
9348 107th, Westminster, CO 80021 · 3bd/3ba · $505,000
List Price
$505,000
Assumable Rate
3.45%
Remaining Balance
$295,022
Equity Gap
$213,805
Loan Type
VAAdjust Your Scenario
$25,250
$25,250$213,805
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,032/moAssumable @ 3.45% + gap loan
$2,766/moAssumed loan: $1,317/mo
Gap financing: $1,450/mo
$266less per month with the assumable
Your Savings on This Property
9348 107th, Westminster · 3.45% VA vs 6.5% conventional
$266
per month
$3,192
per year
$95,746
over 30 years
$99,573
interest saved
How gap financing works: The equity gap ($213,805) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,250, 5% of purchase price) and a second mortgage for the rest ($188,555 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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