Loan Comparison: 3.25% vs 6.5%
460 Fremont, Centennial, CO 80122 · 2bd/2ba · $390,000
List Price
$390,000
Assumable Rate
3.25%
Remaining Balance
$188,585
Equity Gap
$66,090
Loan Type
VAAdjust Your Scenario
$19,500
$19,500$66,090
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (VA)
Blended Rate: 4.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,342/moAssumable @ 3.25% + gap loan
$1,179/moAssumed loan: $821/mo
Gap financing: $358/mo
$1,163less per month with the assumable
Your Savings on This Property
460 Fremont, Centennial · 3.25% VA vs 6.5% conventional
$1,163
per month
$13,954
per year
$418,623
over 30 years
$283,298
interest saved
How gap financing works: The equity gap ($66,090) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,500, 5% of purchase price) and a second mortgage for the rest ($46,590 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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