Loan Comparison: 3.76% vs 6.5%
3530 Sawtooth, Frederick, CO 80516 · 3bd/3ba · $549,900
List Price
$549,900
Assumable Rate
3.76%
Remaining Balance
$353,629
Equity Gap
$196,271
Loan Type
VAAdjust Your Scenario
$27,495
$27,495$196,271
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 5.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 3.76% + gap loan
$2,937/moAssumed loan: $1,640/mo
Gap financing: $1,298/mo
$364less per month with the assumable
Your Savings on This Property
3530 Sawtooth, Frederick · 3.76% VA vs 6.5% conventional
$364
per month
$4,374
per year
$131,218
over 30 years
$131,218
interest saved
How gap financing works: The equity gap ($196,271) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($168,776 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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