Loan Comparison: 2.81% vs 6.5%
1431 Vantage Parkway, Berthoud, CO 80513 · 3bd/2ba · $580,000
List Price
$580,000
Assumable Rate
2.81%
Remaining Balance
$300,000
Equity Gap
$311,781
Loan Type
VAAdjust Your Scenario
$29,000
$29,000$311,781
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 2.81% + gap loan
$3,409/moAssumed loan: $1,234/mo
Gap financing: $2,174/mo
$74less per month with the assumable
Your Savings on This Property
1431 Vantage Parkway, Berthoud · 2.81% VA vs 6.5% conventional
$74
per month
$889
per year
$26,667
over 30 years
$58,448
interest saved
How gap financing works: The equity gap ($311,781) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($282,781 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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