Loan Comparison: 3.06% vs 6.5%
224 Darlington Lane, Johnstown, CO 80534 · 3bd/4ba · $479,900
List Price
$479,900
Assumable Rate
3.06%
Remaining Balance
$381,561
Equity Gap
$98,338
Loan Type
VAAdjust Your Scenario
$23,995
$23,995$98,338
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 3.06% + gap loan
$2,141/moAssumed loan: $1,621/mo
Gap financing: $520/mo
$741less per month with the assumable
Your Savings on This Property
224 Darlington Lane, Johnstown · 3.06% VA vs 6.5% conventional
$741
per month
$8,889
per year
$266,675
over 30 years
$266,674
interest saved
How gap financing works: The equity gap ($98,338) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,995, 5% of purchase price) and a second mortgage for the rest ($74,343 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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