Loan Comparison: 4.36% vs 6.5%
1185 Karen, Woodland Park, CO 80863 · 5bd/4ba · $735,000
List Price
$735,000
Assumable Rate
4.36%
Remaining Balance
$389,383
Equity Gap
$345,616
Loan Type
VAAdjust Your Scenario
$36,750
$36,750$345,616
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.36% (VA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 4.36% + gap loan
$4,316/moAssumed loan: $1,941/mo
Gap financing: $2,375/mo
$98less per month with the assumable
Your Savings on This Property
1185 Karen, Woodland Park · 4.36% VA vs 6.5% conventional
$98
per month
$1,174
per year
$35,213
over 30 years
$35,212
interest saved
How gap financing works: The equity gap ($345,616) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,750, 5% of purchase price) and a second mortgage for the rest ($308,866 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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