Loan Comparison: 3.16% vs 6.5%
1591 Landon, Windsor, CO 80550 · 4bd/3ba · $799,000
List Price
$799,000
Assumable Rate
3.16%
Remaining Balance
$375,985
Equity Gap
$420,469
Loan Type
VAAdjust Your Scenario
$39,950
$39,950$420,469
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 3.16% + gap loan
$4,544/moAssumed loan: $1,618/mo
Gap financing: $2,926/mo
$254less per month with the assumable
Your Savings on This Property
1591 Landon, Windsor · 3.16% VA vs 6.5% conventional
$254
per month
$3,049
per year
$91,460
over 30 years
$88,914
interest saved
How gap financing works: The equity gap ($420,469) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($380,519 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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