Loan Comparison: 3.07% vs 6.5%
6220 Easton, Frederick, CO 80504 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
3.07%
Remaining Balance
$476,612
Equity Gap
$44,388
Loan Type
VAAdjust Your Scenario
$26,000
$26,000$44,388
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.07% + gap loan
$2,169/moAssumed loan: $2,027/mo
Gap financing: $141/mo
$954less per month with the assumable
Your Savings on This Property
6220 Easton, Frederick · 3.07% VA vs 6.5% conventional
$954
per month
$11,443
per year
$343,287
over 30 years
$344,287
interest saved
How gap financing works: The equity gap ($44,388) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($18,388 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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