Loan Comparison: 3.16% vs 6.5%
1591 Landon, Windsor, CO 80550 · 4bd/3ba · $830,000
List Price
$830,000
Assumable Rate
3.16%
Remaining Balance
$376,836
Equity Gap
$453,164
Loan Type
VAAdjust Your Scenario
$41,500
$41,500$453,164
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 5.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,984/moAssumable @ 3.16% + gap loan
$4,787/moAssumed loan: $1,621/mo
Gap financing: $3,165/mo
$197less per month with the assumable
Your Savings on This Property
1591 Landon, Windsor · 3.16% VA vs 6.5% conventional
$197
per month
$2,365
per year
$70,941
over 30 years
$70,941
interest saved
How gap financing works: The equity gap ($453,164) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,500, 5% of purchase price) and a second mortgage for the rest ($411,664 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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