Loan Comparison: 3.45% vs 6.5%
434 Buckskin, Berthoud, CO 80513 · 3bd/3ba · $750,000
List Price
$750,000
Assumable Rate
3.45%
Remaining Balance
$504,189
Equity Gap
$244,818
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$244,818
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.45% + gap loan
$3,844/moAssumed loan: $2,250/mo
Gap financing: $1,594/mo
$659less per month with the assumable
Your Savings on This Property
434 Buckskin, Berthoud · 3.45% VA vs 6.5% conventional
$659
per month
$7,913
per year
$237,385
over 30 years
$236,392
interest saved
How gap financing works: The equity gap ($244,818) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($207,318 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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