Loan Comparison: 2.76% vs 6.5%
5035 Weaver, Centennial, CO 80121 ยท 3bd/2ba ยท $540,000
List Price
$540,000
Assumable Rate
2.76%
Remaining Balance
$146,764
Equity Gap
$406,334
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$406,334
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 6.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 2.76% + gap loan
$3,517/moAssumed loan: $600/mo
Gap financing: $2,917/mo
Your Savings on This Property
5035 Weaver, Centennial ยท 2.76% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($406,334) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($379,334 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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