Loan Comparison: 3.23% vs 6.5%
853 Cooperland, Berthoud, CO 80513 · 2bd/2ba · $389,000
List Price
$389,000
Assumable Rate
3.23%
Remaining Balance
$239,840
Equity Gap
$147,008
Loan Type
VAAdjust Your Scenario
$19,450
$19,450$147,008
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,336/moAssumable @ 3.23% + gap loan
$2,022/moAssumed loan: $1,041/mo
Gap financing: $981/mo
$314less per month with the assumable
Your Savings on This Property
853 Cooperland, Berthoud · 3.23% VA vs 6.5% conventional
$314
per month
$3,766
per year
$112,978
over 30 years
$110,826
interest saved
How gap financing works: The equity gap ($147,008) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,450, 5% of purchase price) and a second mortgage for the rest ($127,558 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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