Loan Comparison: 6.86% vs 6.5%
311 Panther Court, Woodland Park, CO 80863 · 4bd/3ba · $609,000
List Price
$609,000
Assumable Rate
6.86%
Remaining Balance
$484,886
Equity Gap
$124,113
Loan Type
VAAdjust Your Scenario
$30,450
$30,450$124,113
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.86% (VA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,657/moAssumable @ 6.86% + gap loan
$3,835/moAssumed loan: $3,180/mo
Gap financing: $655/mo
Your Savings on This Property
311 Panther Court, Woodland Park · 6.86% 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 ($124,113) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,450, 5% of purchase price) and a second mortgage for the rest ($93,663 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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