Loan Comparison: 6.12% vs 6.5%
39759 Yorktown Terrace, Elizabeth, CO 80107 · 6bd/8ba · $820,000
List Price
$820,000
Assumable Rate
6.12%
Remaining Balance
$639,621
Equity Gap
$180,379
Loan Type
VAAdjust Your Scenario
$41,000
$41,000$180,379
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.12% (VA)
Blended Rate: 6.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,924/moAssumable @ 6.12% + gap loan
$4,859/moAssumed loan: $3,884/mo
Gap financing: $975/mo
$65less per month with the assumable
Your Savings on This Property
39759 Yorktown Terrace, Elizabeth · 6.12% VA vs 6.5% conventional
$65
per month
$779
per year
$23,369
over 30 years
$23,369
interest saved
How gap financing works: The equity gap ($180,379) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,000, 5% of purchase price) and a second mortgage for the rest ($139,379 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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