Loan Comparison: 3.04% vs 6.5%
1251 Hawk Ridge, Lafayette, CO 80026 · 4bd/4ba · $1,375,000
List Price
$1,375,000
Assumable Rate
3.04%
Remaining Balance
$554,818
Equity Gap
$821,431
Loan Type
VAAdjust Your Scenario
$68,750
$68,750$821,431
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 6.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,256/moAssumable @ 3.04% + gap loan
$8,139/moAssumed loan: $2,351/mo
Gap financing: $5,787/mo
$118less per month with the assumable
Your Savings on This Property
1251 Hawk Ridge, Lafayette · 3.04% VA vs 6.5% conventional
$118
per month
$1,414
per year
$42,409
over 30 years
$43,658
interest saved
How gap financing works: The equity gap ($821,431) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($68,750, 5% of purchase price) and a second mortgage for the rest ($752,681 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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