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
$301,789
Equity Gap
$142,225
Loan Type
VAAdjust Your Scenario
$22,400
$22,400$142,225
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.7% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,690/moAssumable @ 2.7% + gap loan
$2,145/moAssumed loan: $1,224/mo
Gap financing: $921/mo
$545less per month with the assumable
Your Savings on This Property
401 Vista, Lochbuie · 2.7% VA vs 6.5% conventional
$545
per month
$6,536
per year
$196,085
over 30 years
$192,099
interest saved
How gap financing works: The equity gap ($142,225) 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 ($119,825 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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