Loan Comparison: 3.83% vs 6.5%
4623 Coors Way, Morrison, CO 80465 · 2bd/1ba · $550,000
List Price
$550,000
Assumable Rate
3.83%
Remaining Balance
$178,636
Equity Gap
$371,363
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$371,363
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.83% (VA)
Blended Rate: 6.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.83% + gap loan
$3,240/moAssumed loan: $835/mo
Gap financing: $2,404/mo
$63less per month with the assumable
Your Savings on This Property
4623 Coors Way, Morrison · 3.83% VA vs 6.5% conventional
$63
per month
$754
per year
$22,606
over 30 years
$22,605
interest saved
How gap financing works: The equity gap ($371,363) 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 ($343,863 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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