Loan Comparison: 4.17% vs 6.5%
2795 Euclid, Centennial, CO 80121 · 5bd/3ba · $779,000
List Price
$779,000
Assumable Rate
4.17%
Remaining Balance
$360,666
Equity Gap
$417,456
Loan Type
VAAdjust Your Scenario
$38,950
$38,950$417,456
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 6.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,678/moAssumable @ 4.17% + gap loan
$4,668/moAssumed loan: $1,757/mo
Gap financing: $2,910/mo
$10less per month with the assumable
Your Savings on This Property
2795 Euclid, Centennial · 4.17% VA vs 6.5% conventional
$10
per month
$118
per year
$3,538
over 30 years
$2,660
interest saved
How gap financing works: The equity gap ($417,456) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,950, 5% of purchase price) and a second mortgage for the rest ($378,506 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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