Loan Comparison: 5.23% vs 6.5%
1577 Sun River, Berthoud, CO 80513 · 3bd/2ba · $575,000
List Price
$575,000
Assumable Rate
5.23%
Remaining Balance
$383,567
Equity Gap
$190,872
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$190,872
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 6.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 5.23% + gap loan
$3,360/moAssumed loan: $2,113/mo
Gap financing: $1,247/mo
$93less per month with the assumable
Your Savings on This Property
1577 Sun River, Berthoud · 5.23% VA vs 6.5% conventional
$93
per month
$1,113
per year
$33,398
over 30 years
$32,837
interest saved
How gap financing works: The equity gap ($190,872) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($162,122 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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