Loan Comparison: 2.88% vs 6.5%
39445 Main, Eaton, CO 80615 · 5bd/3ba · $640,000
List Price
$640,000
Assumable Rate
2.88%
Remaining Balance
$534,988
Equity Gap
$105,012
Loan Type
VAAdjust Your Scenario
$32,000
$32,000$105,012
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,843/moAssumable @ 2.88% + gap loan
$2,782/moAssumed loan: $2,221/mo
Gap financing: $561/mo
$1,061less per month with the assumable
Your Savings on This Property
39445 Main, Eaton · 2.88% VA vs 6.5% conventional
$1,061
per month
$12,726
per year
$381,787
over 30 years
$381,787
interest saved
How gap financing works: The equity gap ($105,012) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,000, 5% of purchase price) and a second mortgage for the rest ($73,012 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.
🏠
Back to This Listing
View photos, details, and request a showing for 39445 Main.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.