Loan Comparison: 3.04% vs 6.5%
5774 Riverbluff, Timnath, CO 80547 · 6bd/7ba · $1,785,000
List Price
$1,785,000
Assumable Rate
3.04%
Remaining Balance
$746,073
Equity Gap
$1,033,817
Loan Type
VAAdjust Your Scenario
$89,250
$89,250$1,033,817
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 6.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,718/moAssumable @ 3.04% + gap loan
$10,424/moAssumed loan: $3,162/mo
Gap financing: $7,263/mo
$294less per month with the assumable
Your Savings on This Property
5774 Riverbluff, Timnath · 3.04% VA vs 6.5% conventional
$294
per month
$3,526
per year
$105,768
over 30 years
$100,658
interest saved
How gap financing works: The equity gap ($1,033,817) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($89,250, 5% of purchase price) and a second mortgage for the rest ($944,567 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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