Loan Comparison: 2.98% vs 6.5%
3630 Pueblo, Evans, CO 80620 · 4bd/3ba · $420,000
List Price
$420,000
Assumable Rate
2.98%
Remaining Balance
$360,013
Equity Gap
$94,351
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$94,351
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 3.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 2.98% + gap loan
$2,078/moAssumed loan: $1,514/mo
Gap financing: $564/mo
$444less per month with the assumable
Your Savings on This Property
3630 Pueblo, Evans · 2.98% VA vs 6.5% conventional
$444
per month
$5,328
per year
$159,839
over 30 years
$194,203
interest saved
How gap financing works: The equity gap ($94,351) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($73,351 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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