Loan Comparison: 3.69% vs 6.5%
3507 Montrose, Evans, CO 80620 · 2bd/1ba · $295,000
List Price
$295,000
Assumable Rate
3.69%
Remaining Balance
$120,754
Equity Gap
$174,508
Loan Type
VAAdjust Your Scenario
$14,750
$14,750$174,508
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,771/moAssumable @ 3.69% + gap loan
$1,784/moAssumed loan: $555/mo
Gap financing: $1,228/mo
Your Savings on This Property
3507 Montrose, Evans · 3.69% 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 ($174,508) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,750, 5% of purchase price) and a second mortgage for the rest ($159,758 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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