Loan Comparison: 3.99% vs 6.5%
4982 30th, Greeley, CO 80634 · 5bd/3ba · $525,000
List Price
$525,000
Assumable Rate
3.99%
Remaining Balance
$255,443
Equity Gap
$450,722
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$450,722
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.99% (VA)
Blended Rate: 6.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.99% + gap loan
$4,482/moAssumed loan: $1,218/mo
Gap financing: $3,264/mo
Your Savings on This Property
4982 30th, Greeley · 3.99% 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 ($450,722) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($424,472 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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