Loan Comparison: 2.88% vs 6.5%
3125 Argyll Lane, Johnstown, CO 80534 · 4bd/8ba · $775,000
List Price
$775,000
Assumable Rate
2.88%
Remaining Balance
$396,800
Equity Gap
$378,200
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$378,200
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 5.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.88% + gap loan
$4,021/moAssumed loan: $1,647/mo
Gap financing: $2,373/mo
$633less per month with the assumable
Your Savings on This Property
3125 Argyll Lane, Johnstown · 2.88% VA vs 6.5% conventional
$633
per month
$7,593
per year
$227,795
over 30 years
$227,795
interest saved
How gap financing works: The equity gap ($378,200) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($339,450 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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