Loan Comparison: 6.82% vs 6.5%

1126 Crescent Drive, Windsor, CO 80550 ยท 2bd/3ba ยท $600,000

List Price
$600,000
Assumable Rate
6.82%
Remaining Balance
$558,167
Equity Gap
$41,832
Loan Type
VA

Adjust Your Scenario

$30,000
$30,000$41,832
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.82% (VA)
Blended Rate: 6.83%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,603/mo
Assumable @ 6.82% + gap loan
$3,729/mo
Assumed loan: $3,646/mo
Gap financing: $83/mo

Your Savings on This Property

1126 Crescent Drive, Windsor ยท 6.82% 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 ($41,832) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($11,832 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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