Loan Comparison: 3.4% vs 6.5%
7436 Singing Hills Drive, Boulder, CO 80301 · 2bd/2ba · $350,000
List Price
$350,000
Assumable Rate
3.4%
Remaining Balance
$285,253
Equity Gap
$64,747
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$64,747
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.4% (VA)
Blended Rate: 3.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 3.4% + gap loan
$1,595/moAssumed loan: $1,265/mo
Gap financing: $330/mo
$506less per month with the assumable
Your Savings on This Property
7436 Singing Hills Drive, Boulder · 3.4% VA vs 6.5% conventional
$506
per month
$6,075
per year
$182,241
over 30 years
$182,241
interest saved
How gap financing works: The equity gap ($64,747) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($47,247 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 7436 Singing Hills Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.