Loan Comparison: 4.04% vs 6.5%
1895 Nichols, Centennial, CO 80122 · 4bd/4ba · $785,000
List Price
$785,000
Assumable Rate
4.04%
Remaining Balance
$435,716
Equity Gap
$531,967
Loan Type
VAAdjust Your Scenario
$39,250
$39,250$531,967
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.04% (VA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,714/moAssumable @ 4.04% + gap loan
$5,879/moAssumed loan: $2,090/mo
Gap financing: $3,789/mo
Your Savings on This Property
1895 Nichols, Centennial · 4.04% 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 ($531,967) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,250, 5% of purchase price) and a second mortgage for the rest ($492,717 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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