Loan Comparison: 3.23% vs 6.5%
853 Cooperland, Berthoud, CO 80513 · 2bd/2ba · $398,000
List Price
$398,000
Assumable Rate
3.23%
Remaining Balance
$240,380
Equity Gap
$157,620
Loan Type
VAAdjust Your Scenario
$19,900
$19,900$157,620
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,390/moAssumable @ 3.23% + gap loan
$2,102/moAssumed loan: $1,044/mo
Gap financing: $1,059/mo
$287less per month with the assumable
Your Savings on This Property
853 Cooperland, Berthoud · 3.23% VA vs 6.5% conventional
$287
per month
$3,449
per year
$103,460
over 30 years
$103,460
interest saved
How gap financing works: The equity gap ($157,620) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,900, 5% of purchase price) and a second mortgage for the rest ($137,720 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 853 Cooperland.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.