Loan Comparison: 6.2% vs 6.5%
3319 Rogers Street, Morrison, CO 80465 · 2bd/1ba · $1,275,000
List Price
$1,275,000
Assumable Rate
6.2%
Remaining Balance
$708,493
Equity Gap
$566,507
Loan Type
VAAdjust Your Scenario
$63,750
$63,750$566,507
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.2% (VA)
Blended Rate: 6.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,656/moAssumable @ 6.2% + gap loan
$7,855/moAssumed loan: $4,339/mo
Gap financing: $3,515/mo
Your Savings on This Property
3319 Rogers Street, Morrison · 6.2% 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 ($566,507) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($63,750, 5% of purchase price) and a second mortgage for the rest ($502,757 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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