Loan Comparison: 3.07% vs 6.5%
1104 Greenwood, Berthoud, CO 80513 · 3bd/2ba · $565,000
List Price
$565,000
Assumable Rate
3.07%
Remaining Balance
$537,967
Equity Gap
$74,586
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$74,586
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.07% + gap loan
$2,645/moAssumed loan: $2,288/mo
Gap financing: $356/mo
$748less per month with the assumable
Your Savings on This Property
1104 Greenwood, Berthoud · 3.07% VA vs 6.5% conventional
$748
per month
$8,975
per year
$269,241
over 30 years
$316,794
interest saved
How gap financing works: The equity gap ($74,586) 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 ($46,336 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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