Loan Comparison: 6.09% vs 6.5%
228 4th Street, Berthoud, CO 80513 · 4bd/4ba · $474,900
List Price
$474,900
Assumable Rate
6.09%
Remaining Balance
$265,186
Equity Gap
$209,713
Loan Type
VAAdjust Your Scenario
$23,745
$23,745$209,713
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.09% (VA)
Blended Rate: 6.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 6.09% + gap loan
$2,906/moAssumed loan: $1,605/mo
Gap financing: $1,300/mo
Your Savings on This Property
228 4th Street, Berthoud · 6.09% 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 ($209,713) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,745, 5% of purchase price) and a second mortgage for the rest ($185,968 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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