Loan Comparison: 2.98% vs 6.5%
17229 Crestline, Centennial, CO 80015 · 4bd/4ba · $539,000
List Price
$539,000
Assumable Rate
2.98%
Remaining Balance
$353,131
Equity Gap
$185,869
Loan Type
VAAdjust Your Scenario
$26,950
$26,950$185,869
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 4.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 2.98% + gap loan
$2,707/moAssumed loan: $1,485/mo
Gap financing: $1,222/mo
$530less per month with the assumable
Your Savings on This Property
17229 Crestline, Centennial · 2.98% VA vs 6.5% conventional
$530
per month
$6,355
per year
$190,637
over 30 years
$190,637
interest saved
How gap financing works: The equity gap ($185,869) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($158,919 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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