Loan Comparison: 3.06% vs 6.5%
9029 Eldorado Avenue, Frederick, CO 80504 · 2bd/2ba · $615,000
List Price
$615,000
Assumable Rate
3.06%
Remaining Balance
$422,604
Equity Gap
$192,396
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$192,396
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 3.06% + gap loan
$2,926/moAssumed loan: $1,795/mo
Gap financing: $1,130/mo
$767less per month with the assumable
Your Savings on This Property
9029 Eldorado Avenue, Frederick · 3.06% VA vs 6.5% conventional
$767
per month
$9,206
per year
$276,187
over 30 years
$276,187
interest saved
How gap financing works: The equity gap ($192,396) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($161,646 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.
🏠
Back to This Listing
View photos, details, and request a showing for 9029 Eldorado Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.