Loan Comparison: 3.05% vs 6.5%
4355 24th Street, Greeley, CO 80634 · 3bd/3ba · $354,900
List Price
$354,900
Assumable Rate
3.05%
Remaining Balance
$354,312
Equity Gap
$36,124
Loan Type
VAAdjust Your Scenario
$17,745
$17,745$36,124
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 3.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,131/moAssumable @ 3.05% + gap loan
$1,645/moAssumed loan: $1,503/mo
Gap financing: $141/mo
$486less per month with the assumable
Your Savings on This Property
4355 24th Street, Greeley · 3.05% VA vs 6.5% conventional
$486
per month
$5,836
per year
$175,091
over 30 years
$210,627
interest saved
How gap financing works: The equity gap ($36,124) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,745, 5% of purchase price) and a second mortgage for the rest ($18,379 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.
🏠
Back to This Listing
View photos, details, and request a showing for 4355 24th Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.