Loan Comparison: 2.75% vs 6.5%
3850 Hopi, Sedalia, CO 80135 · 4bd/2ba · $939,000
List Price
$939,000
Assumable Rate
2.75%
Remaining Balance
$444,101
Equity Gap
$477,084
Loan Type
VAAdjust Your Scenario
$46,950
$46,950$477,084
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,638/moAssumable @ 2.75% + gap loan
$5,120/moAssumed loan: $1,813/mo
Gap financing: $3,307/mo
$518less per month with the assumable
Your Savings on This Property
3850 Hopi, Sedalia · 2.75% VA vs 6.5% conventional
$518
per month
$6,216
per year
$186,480
over 30 years
$168,665
interest saved
How gap financing works: The equity gap ($477,084) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,950, 5% of purchase price) and a second mortgage for the rest ($430,134 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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