Loan Comparison: 3.91% vs 6.5%
1817 85th, Greeley, CO 80634 · 4bd/2ba · $465,000
List Price
$465,000
Assumable Rate
3.91%
Remaining Balance
$319,701
Equity Gap
$252,586
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$252,586
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.91% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.91% + gap loan
$3,273/moAssumed loan: $1,510/mo
Gap financing: $1,763/mo
Your Savings on This Property
1817 85th, Greeley · 3.91% 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 ($252,586) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($229,336 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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