Loan Comparison: 3.06% vs 6.5%
3803 Sweetgum, Wellington, CO 80549 · 3bd/3ba · $510,000
List Price
$510,000
Assumable Rate
3.06%
Remaining Balance
$398,617
Equity Gap
$113,116
Loan Type
VAAdjust Your Scenario
$25,500
$25,500$113,116
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.06% + gap loan
$2,367/moAssumed loan: $1,694/mo
Gap financing: $674/mo
$695less per month with the assumable
Your Savings on This Property
3803 Sweetgum, Wellington · 3.06% VA vs 6.5% conventional
$695
per month
$8,342
per year
$250,260
over 30 years
$251,993
interest saved
How gap financing works: The equity gap ($113,116) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($87,616 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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