Loan Comparison: 4.16% vs 6.5%
770 Grays Peak Lane, Berthoud, CO 80513 · 3bd/3ba · $525,000
List Price
$525,000
Assumable Rate
4.16%
Remaining Balance
$216,271
Equity Gap
$308,729
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$308,729
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.16% (VA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 4.16% + gap loan
$3,028/moAssumed loan: $1,053/mo
Gap financing: $1,975/mo
$125less per month with the assumable
Your Savings on This Property
770 Grays Peak Lane, Berthoud · 4.16% VA vs 6.5% conventional
$125
per month
$1,497
per year
$44,908
over 30 years
$44,908
interest saved
How gap financing works: The equity gap ($308,729) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($282,479 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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