Loan Comparison: 7.1% vs 6.5%
5835 Red Barn Avenue, Mead, CO 80504 · 4bd/3ba · $550,000
List Price
$550,000
Assumable Rate
7.1%
Remaining Balance
$498,769
Equity Gap
$51,230
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$51,230
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.1% (VA)
Blended Rate: 7.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 7.1% + gap loan
$3,518/moAssumed loan: $3,352/mo
Gap financing: $166/mo
Your Savings on This Property
5835 Red Barn Avenue, Mead · 7.1% 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 ($51,230) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($23,730 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.
🏠
Back to This Listing
View photos, details, and request a showing for 5835 Red Barn Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.