Loan Comparison: 3.45% vs 6.5%
4126 Hayes, Wellington, CO 80549 · 2bd/1ba · $399,000
List Price
$399,000
Assumable Rate
3.45%
Remaining Balance
$341,852
Equity Gap
$57,148
Loan Type
VAAdjust Your Scenario
$19,950
$19,950$57,148
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 3.45% + gap loan
$1,812/moAssumed loan: $1,526/mo
Gap financing: $286/mo
$584less per month with the assumable
Your Savings on This Property
4126 Hayes, Wellington · 3.45% VA vs 6.5% conventional
$584
per month
$7,011
per year
$210,345
over 30 years
$210,345
interest saved
How gap financing works: The equity gap ($57,148) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,950, 5% of purchase price) and a second mortgage for the rest ($37,198 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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