Loan Comparison: 3% vs 6.5%
1591 Landon Court, Windsor, CO 80550 · 5bd/3ba · $789,500
List Price
$789,500
Assumable Rate
3%
Remaining Balance
$371,280
Equity Gap
$418,219
Loan Type
VAAdjust Your Scenario
$39,475
$39,475$418,219
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3% (VA)
Blended Rate: 5.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,741/moAssumable @ 3% + gap loan
$4,214/moAssumed loan: $1,565/mo
Gap financing: $2,648/mo
$527less per month with the assumable
Your Savings on This Property
1591 Landon Court, Windsor · 3% VA vs 6.5% conventional
$527
per month
$6,325
per year
$189,757
over 30 years
$189,756
interest saved
How gap financing works: The equity gap ($418,219) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,475, 5% of purchase price) and a second mortgage for the rest ($378,744 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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