Loan Comparison: 3.66% vs 6.5%
5800 Quatar, Centennial, CO 80015 · 4bd/2ba · $499,900
List Price
$499,900
Assumable Rate
3.66%
Remaining Balance
$270,266
Equity Gap
$229,634
Loan Type
VAAdjust Your Scenario
$24,995
$24,995$229,634
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.66% (VA)
Blended Rate: 5.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.66% + gap loan
$2,811/moAssumed loan: $1,238/mo
Gap financing: $1,573/mo
$190less per month with the assumable
Your Savings on This Property
5800 Quatar, Centennial · 3.66% VA vs 6.5% conventional
$190
per month
$2,284
per year
$68,524
over 30 years
$68,524
interest saved
How gap financing works: The equity gap ($229,634) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($204,639 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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