Loan Comparison: 5.52% vs 6.5%
13611 Wrangler, Mead, CO 80542 · 5bd/4ba · $659,999
List Price
$659,999
Assumable Rate
5.52%
Remaining Balance
$419,356
Equity Gap
$241,223
Loan Type
VAAdjust Your Scenario
$33,000
$33,000$241,223
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,963/moAssumable @ 5.52% + gap loan
$3,987/moAssumed loan: $2,386/mo
Gap financing: $1,601/mo
Your Savings on This Property
13611 Wrangler, Mead · 5.52% 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 ($241,223) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,000, 5% of purchase price) and a second mortgage for the rest ($208,223 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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