Loan Comparison: 2.77% vs 6.5%
382 Mount Rainier, Berthoud, CO 80513 · 3bd/3ba · $674,900
List Price
$674,900
Assumable Rate
2.77%
Remaining Balance
$518,447
Equity Gap
$156,453
Loan Type
VAAdjust Your Scenario
$33,745
$33,745$156,453
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 3.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 2.77% + gap loan
$3,066/moAssumed loan: $2,122/mo
Gap financing: $944/mo
$987less per month with the assumable
Your Savings on This Property
382 Mount Rainier, Berthoud · 2.77% VA vs 6.5% conventional
$987
per month
$11,844
per year
$355,323
over 30 years
$355,323
interest saved
How gap financing works: The equity gap ($156,453) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,745, 5% of purchase price) and a second mortgage for the rest ($122,708 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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