Loan Comparison: 5.52% vs 6.5%
13611 Wrangler, Mead, CO 80542 · 5bd/4ba · $627,000
List Price
$627,000
Assumable Rate
5.52%
Remaining Balance
$417,018
Equity Gap
$209,981
Loan Type
VAAdjust Your Scenario
$31,350
$31,350$209,981
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,765/moAssumable @ 5.52% + gap loan
$3,747/moAssumed loan: $2,373/mo
Gap financing: $1,374/mo
$18less per month with the assumable
Your Savings on This Property
13611 Wrangler, Mead · 5.52% VA vs 6.5% conventional
$18
per month
$221
per year
$6,616
over 30 years
$6,615
interest saved
How gap financing works: The equity gap ($209,981) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,350, 5% of purchase price) and a second mortgage for the rest ($178,631 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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