Loan Comparison: 2.88% vs 6.5%
5774 Riverbluff Drive, Timnath, CO 80547 · 2bd/3ba · $1,699,000
List Price
$1,699,000
Assumable Rate
2.88%
Remaining Balance
$740,170
Equity Gap
$958,829
Loan Type
VAAdjust Your Scenario
$84,950
$84,950$958,829
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 5.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,202/moAssumable @ 2.88% + gap loan
$9,183/moAssumed loan: $3,073/mo
Gap financing: $6,110/mo
$1,019less per month with the assumable
Your Savings on This Property
5774 Riverbluff Drive, Timnath · 2.88% VA vs 6.5% conventional
$1,019
per month
$12,225
per year
$366,738
over 30 years
$366,737
interest saved
How gap financing works: The equity gap ($958,829) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($84,950, 5% of purchase price) and a second mortgage for the rest ($873,879 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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