Loan Comparison: 3.45% vs 6.5%
431 Maple, Eaton, CO 80615 · 3bd/2ba · $515,000
List Price
$515,000
Assumable Rate
3.45%
Remaining Balance
$289,872
Equity Gap
$225,700
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$225,700
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.45% + gap loan
$2,831/moAssumed loan: $1,294/mo
Gap financing: $1,537/mo
$261less per month with the assumable
Your Savings on This Property
431 Maple, Eaton · 3.45% VA vs 6.5% conventional
$261
per month
$3,136
per year
$94,094
over 30 years
$94,666
interest saved
How gap financing works: The equity gap ($225,700) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($199,950 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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