Loan Comparison: 5.52% vs 6.5%
14553 Holstein, Mead, CO 80542 · 4bd/3ba · $675,000
List Price
$675,000
Assumable Rate
5.52%
Remaining Balance
$543,797
Equity Gap
$131,960
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$131,960
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 5.52% + gap loan
$3,850/moAssumed loan: $3,094/mo
Gap financing: $755/mo
$204less per month with the assumable
Your Savings on This Property
14553 Holstein, Mead · 5.52% VA vs 6.5% conventional
$204
per month
$2,442
per year
$73,274
over 30 years
$74,031
interest saved
How gap financing works: The equity gap ($131,960) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($98,210 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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