Loan Comparison: 4.98% vs 6.5%
2431 Nicholson, Berthoud, CO 80513 · 4bd/3ba · $645,000
List Price
$645,000
Assumable Rate
4.98%
Remaining Balance
$593,405
Equity Gap
$51,594
Loan Type
VAAdjust Your Scenario
$32,250
$32,250$51,594
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,873/moAssumable @ 4.98% + gap loan
$3,327/moAssumed loan: $3,178/mo
Gap financing: $149/mo
$546less per month with the assumable
Your Savings on This Property
2431 Nicholson, Berthoud · 4.98% VA vs 6.5% conventional
$546
per month
$6,552
per year
$196,553
over 30 years
$196,552
interest saved
How gap financing works: The equity gap ($51,594) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,250, 5% of purchase price) and a second mortgage for the rest ($19,344 at 8.5%). 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 2431 Nicholson.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.