Loan Comparison: 6.35% vs 6.5%
4933 Silverwood Drive, Johnstown, CO 80534 · 4bd/3ba · $689,000
List Price
$689,000
Assumable Rate
6.35%
Remaining Balance
$598,961
Equity Gap
$90,039
Loan Type
VAAdjust Your Scenario
$34,450
$34,450$90,039
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.35% (VA)
Blended Rate: 6.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,137/moAssumable @ 6.35% + gap loan
$4,116/moAssumed loan: $3,727/mo
Gap financing: $389/mo
$22less per month with the assumable
Your Savings on This Property
4933 Silverwood Drive, Johnstown · 6.35% VA vs 6.5% conventional
$22
per month
$259
per year
$7,764
over 30 years
$7,764
interest saved
How gap financing works: The equity gap ($90,039) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,450, 5% of purchase price) and a second mortgage for the rest ($55,589 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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