Loan Comparison: 3.36% vs 6.5%
407 Silvermoon Heights, Divide, CO 80814 · 4bd/4ba · $975,000
List Price
$975,000
Assumable Rate
3.36%
Remaining Balance
$670,794
Equity Gap
$304,206
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$304,206
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.36% (VA)
Blended Rate: 4.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 3.36% + gap loan
$4,746/moAssumed loan: $2,960/mo
Gap financing: $1,786/mo
$1,108less per month with the assumable
Your Savings on This Property
407 Silvermoon Heights, Divide · 3.36% VA vs 6.5% conventional
$1,108
per month
$13,300
per year
$399,008
over 30 years
$399,008
interest saved
How gap financing works: The equity gap ($304,206) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($255,456 at 7.5%). 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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