Loan Comparison: 3.04% vs 6.5%
5774 Riverbluff, Timnath, CO 80547 · 6bd/7ba · $1,950,000
List Price
$1,950,000
Assumable Rate
3.04%
Remaining Balance
$752,878
Equity Gap
$1,198,817
Loan Type
VAAdjust Your Scenario
$97,500
$97,500$1,198,817
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 6.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$11,709/moAssumable @ 3.04% + gap loan
$11,659/moAssumed loan: $3,190/mo
Gap financing: $8,468/mo
$50less per month with the assumable
Your Savings on This Property
5774 Riverbluff, Timnath · 3.04% VA vs 6.5% conventional
$50
per month
$605
per year
$18,164
over 30 years
$19,859
interest saved
How gap financing works: The equity gap ($1,198,817) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($97,500, 5% of purchase price) and a second mortgage for the rest ($1,101,317 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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