Loan Comparison: 4.3% vs 6.5%
10632 102nd, Westminster, CO 80021 · 4bd/3ba · $700,000
List Price
$700,000
Assumable Rate
4.3%
Remaining Balance
$150,258
Equity Gap
$549,742
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$549,742
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.3% (VA)
Blended Rate: 7.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 4.3% + gap loan
$4,702/moAssumed loan: $744/mo
Gap financing: $3,958/mo
Your Savings on This Property
10632 102nd, Westminster · 4.3% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($549,742) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($514,742 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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