Loan Comparison: 4.17% vs 6.5%
2125 26th, Greeley, CO 80634 · 6bd/3ba · $455,000
List Price
$455,000
Assumable Rate
4.17%
Remaining Balance
$387,312
Equity Gap
$66,996
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$66,996
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 4.17% + gap loan
$2,227/moAssumed loan: $1,887/mo
Gap financing: $340/mo
$505less per month with the assumable
Your Savings on This Property
2125 26th, Greeley · 4.17% VA vs 6.5% conventional
$505
per month
$6,056
per year
$181,675
over 30 years
$180,983
interest saved
How gap financing works: The equity gap ($66,996) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($44,246 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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