Loan Comparison: 2.99% vs 6.5%
6878 Birch, Centennial, CO 80122 · 4bd/2ba · $650,000
List Price
$650,000
Assumable Rate
2.99%
Remaining Balance
$527,541
Equity Gap
$123,622
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$123,622
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 3.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.99% + gap loan
$2,922/moAssumed loan: $2,221/mo
Gap financing: $701/mo
$981less per month with the assumable
Your Savings on This Property
6878 Birch, Centennial · 2.99% VA vs 6.5% conventional
$981
per month
$11,773
per year
$353,189
over 30 years
$354,352
interest saved
How gap financing works: The equity gap ($123,622) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($91,122 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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