Loan Comparison: 6.78% vs 6.5%
3954 Heatherwood Circle, Johnstown, CO 80534 · 4bd/3ba · $640,000
List Price
$640,000
Assumable Rate
6.78%
Remaining Balance
$491,455
Equity Gap
$148,545
Loan Type
VAAdjust Your Scenario
$32,000
$32,000$148,545
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (VA)
Blended Rate: 6.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,843/moAssumable @ 6.78% + gap loan
$4,012/moAssumed loan: $3,197/mo
Gap financing: $815/mo
Your Savings on This Property
3954 Heatherwood Circle, Johnstown · 6.78% 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 ($148,545) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,000, 5% of purchase price) and a second mortgage for the rest ($116,545 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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