Loan Comparison: 3.72% vs 6.5%
3623 29th, Greeley, CO 80634 · 3bd/3ba · $310,000
List Price
$310,000
Assumable Rate
3.72%
Remaining Balance
$201,084
Equity Gap
$108,916
Loan Type
VAAdjust Your Scenario
$15,500
$15,500$108,916
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 3.72% + gap loan
$1,646/moAssumed loan: $928/mo
Gap financing: $718/mo
$215less per month with the assumable
Your Savings on This Property
3623 29th, Greeley · 3.72% VA vs 6.5% conventional
$215
per month
$2,584
per year
$77,515
over 30 years
$77,515
interest saved
How gap financing works: The equity gap ($108,916) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,500, 5% of purchase price) and a second mortgage for the rest ($93,416 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.