Loan Comparison: 4.62% vs 6.5%
1584 Thundercloud Drive, Windsor, CO 80550 · 3bd/2ba · $875,000
List Price
$875,000
Assumable Rate
4.62%
Remaining Balance
$637,651
Equity Gap
$237,348
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$237,348
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.62% (VA)
Blended Rate: 5.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 4.62% + gap loan
$4,630/moAssumed loan: $3,277/mo
Gap financing: $1,354/mo
$624less per month with the assumable
Your Savings on This Property
1584 Thundercloud Drive, Windsor · 4.62% VA vs 6.5% conventional
$624
per month
$7,487
per year
$224,601
over 30 years
$224,600
interest saved
How gap financing works: The equity gap ($237,348) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($193,598 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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