Loan Comparison: 2.81% vs 6.5%
5606 Helena, Centennial, CO 80015 · 6bd/4ba · $800,000
List Price
$800,000
Assumable Rate
2.81%
Remaining Balance
$523,758
Equity Gap
$322,245
Loan Type
VAAdjust Your Scenario
$40,000
$40,000$322,245
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 2.81% + gap loan
$4,325/moAssumed loan: $2,155/mo
Gap financing: $2,170/mo
$479less per month with the assumable
Your Savings on This Property
5606 Helena, Centennial · 2.81% VA vs 6.5% conventional
$479
per month
$5,743
per year
$172,303
over 30 years
$218,306
interest saved
How gap financing works: The equity gap ($322,245) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($282,245 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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