Loan Comparison: 4.98% vs 6.5%
1631 Alpine, Berthoud, CO 80513 · 4bd/3ba · $565,000
List Price
$565,000
Assumable Rate
4.98%
Remaining Balance
$521,464
Equity Gap
$73,074
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$73,074
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 4.98% + gap loan
$3,138/moAssumed loan: $2,793/mo
Gap financing: $345/mo
$255less per month with the assumable
Your Savings on This Property
1631 Alpine, Berthoud · 4.98% VA vs 6.5% conventional
$255
per month
$3,060
per year
$91,802
over 30 years
$121,340
interest saved
How gap financing works: The equity gap ($73,074) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($44,824 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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