Loan Comparison: 2.7% vs 6.5%
401 Vista, Lochbuie, CO 80603 · 3bd/2ba · $448,000
List Price
$448,000
Assumable Rate
2.7%
Remaining Balance
$301,061
Equity Gap
$146,939
Loan Type
VAAdjust Your Scenario
$22,400
$22,400$146,939
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.7% (VA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,690/moAssumable @ 2.7% + gap loan
$2,179/moAssumed loan: $1,221/mo
Gap financing: $958/mo
$511less per month with the assumable
Your Savings on This Property
401 Vista, Lochbuie · 2.7% VA vs 6.5% conventional
$511
per month
$6,137
per year
$184,100
over 30 years
$184,100
interest saved
How gap financing works: The equity gap ($146,939) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,400, 5% of purchase price) and a second mortgage for the rest ($124,539 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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