Loan Comparison: 3.16% vs 6.5%
4122 76th, Westminster, CO 80030 · 2bd/1ba · $415,000
List Price
$415,000
Assumable Rate
3.16%
Remaining Balance
$184,348
Equity Gap
$231,071
Loan Type
VAAdjust Your Scenario
$20,750
$20,750$231,071
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 6.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 3.16% + gap loan
$2,410/moAssumed loan: $793/mo
Gap financing: $1,617/mo
$82less per month with the assumable
Your Savings on This Property
4122 76th, Westminster · 3.16% VA vs 6.5% conventional
$82
per month
$978
per year
$29,349
over 30 years
$29,768
interest saved
How gap financing works: The equity gap ($231,071) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,750, 5% of purchase price) and a second mortgage for the rest ($210,321 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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