Loan Comparison: 5.22% vs 6.5%
6074 Carmon, Windsor, CO 80550 · 5bd/4ba · $625,000
List Price
$625,000
Assumable Rate
5.22%
Remaining Balance
$605,000
Equity Gap
$46,320
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$46,320
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (VA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 5.22% + gap loan
$3,445/moAssumed loan: $3,330/mo
Gap financing: $116/mo
$307less per month with the assumable
Your Savings on This Property
6074 Carmon, Windsor · 5.22% VA vs 6.5% conventional
$307
per month
$3,689
per year
$110,674
over 30 years
$136,994
interest saved
How gap financing works: The equity gap ($46,320) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($15,070 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.
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