Loan Comparison: 5.89% vs 6.5%
850 Forest Edge Road, Woodland Park, CO 80863 · 3bd/2ba · $365,000
List Price
$365,000
Assumable Rate
5.89%
Remaining Balance
$311,484
Equity Gap
$53,516
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$53,516
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.89% (VA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 5.89% + gap loan
$2,092/moAssumed loan: $1,846/mo
Gap financing: $247/mo
$100less per month with the assumable
Your Savings on This Property
850 Forest Edge Road, Woodland Park · 5.89% VA vs 6.5% conventional
$100
per month
$1,195
per year
$35,848
over 30 years
$35,848
interest saved
How gap financing works: The equity gap ($53,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($35,266 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 850 Forest Edge Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.