Loan Comparison: 3.16% vs 6.5%
1591 Landon, Windsor, CO 80550 · 4bd/3ba · $790,000
List Price
$790,000
Assumable Rate
3.16%
Remaining Balance
$373,420
Equity Gap
$411,469
Loan Type
VAAdjust Your Scenario
$39,500
$39,500$411,469
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,744/moAssumable @ 3.16% + gap loan
$4,467/moAssumed loan: $1,607/mo
Gap financing: $2,860/mo
$277less per month with the assumable
Your Savings on This Property
1591 Landon, Windsor · 3.16% VA vs 6.5% conventional
$277
per month
$3,321
per year
$99,645
over 30 years
$94,534
interest saved
How gap financing works: The equity gap ($411,469) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,500, 5% of purchase price) and a second mortgage for the rest ($371,969 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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