Loan Comparison: 3.06% vs 6.5%
2433 Shooting Star Way, Evans, CO 80620 · 3bd/2ba · $424,900
List Price
$424,900
Assumable Rate
3.06%
Remaining Balance
$327,052
Equity Gap
$97,847
Loan Type
VAAdjust Your Scenario
$21,245
$21,245$97,847
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,551/moAssumable @ 3.06% + gap loan
$1,925/moAssumed loan: $1,389/mo
Gap financing: $536/mo
$626less per month with the assumable
Your Savings on This Property
2433 Shooting Star Way, Evans · 3.06% VA vs 6.5% conventional
$626
per month
$7,516
per year
$225,465
over 30 years
$225,464
interest saved
How gap financing works: The equity gap ($97,847) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,245, 5% of purchase price) and a second mortgage for the rest ($76,602 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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