Loan Comparison: 2.79% vs 6.5%
1018 Gabriella, Berthoud, CO 80513 · 5bd/4ba · $849,000
List Price
$849,000
Assumable Rate
2.79%
Remaining Balance
$574,739
Equity Gap
$274,260
Loan Type
VAAdjust Your Scenario
$42,450
$42,450$274,260
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 4.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,098/moAssumable @ 2.79% + gap loan
$4,141/moAssumed loan: $2,359/mo
Gap financing: $1,782/mo
$957less per month with the assumable
Your Savings on This Property
1018 Gabriella, Berthoud · 2.79% VA vs 6.5% conventional
$957
per month
$11,484
per year
$344,524
over 30 years
$344,523
interest saved
How gap financing works: The equity gap ($274,260) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,450, 5% of purchase price) and a second mortgage for the rest ($231,810 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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