Loan Comparison: 3.69% vs 6.5%
102 3rd, Berthoud, CO 80513 · 4bd/2ba · $469,000
List Price
$469,000
Assumable Rate
3.69%
Remaining Balance
$174,741
Equity Gap
$294,258
Loan Type
VAAdjust Your Scenario
$23,450
$23,450$294,258
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 6.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,816/moAssumable @ 3.69% + gap loan
$2,886/moAssumed loan: $803/mo
Gap financing: $2,082/mo
Your Savings on This Property
102 3rd, Berthoud · 3.69% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($294,258) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,450, 5% of purchase price) and a second mortgage for the rest ($270,808 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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