Loan Comparison: 6% vs 6.5%
1600 Whale Rock Road, Bellvue, CO 80512 · 3bd/3ba · $250,000
List Price
$250,000
Assumable Rate
6%
Remaining Balance
$91,773
Equity Gap
$158,227
Loan Type
VAAdjust Your Scenario
$12,500
$12,500$158,227
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6% (VA)
Blended Rate: 6.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 6% + gap loan
$1,569/moAssumed loan: $550/mo
Gap financing: $1,019/mo
Your Savings on This Property
1600 Whale Rock Road, Bellvue · 6% 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 ($158,227) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,500, 5% of purchase price) and a second mortgage for the rest ($145,727 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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