Loan Comparison: 2.96% vs 6.5%
4338 Nepal, Centennial, CO 80015 · 3bd/3ba · $469,900
List Price
$469,900
Assumable Rate
2.96%
Remaining Balance
$367,209
Equity Gap
$101,876
Loan Type
VAAdjust Your Scenario
$23,495
$23,495$101,876
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 3.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 2.96% + gap loan
$2,143/moAssumed loan: $1,540/mo
Gap financing: $603/mo
$679less per month with the assumable
Your Savings on This Property
4338 Nepal, Centennial · 2.96% VA vs 6.5% conventional
$679
per month
$8,144
per year
$244,312
over 30 years
$243,497
interest saved
How gap financing works: The equity gap ($101,876) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,495, 5% of purchase price) and a second mortgage for the rest ($78,381 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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