Loan Comparison: 3.71% vs 6.5%
3850 Robb, Wheat Ridge, CO 80033 · 4bd/6ba · $1,160,000
List Price
$1,160,000
Assumable Rate
3.71%
Remaining Balance
$592,968
Equity Gap
$767,032
Loan Type
VAAdjust Your Scenario
$58,000
$58,000$767,032
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.71% (VA)
Blended Rate: 6.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,965/moAssumable @ 3.71% + gap loan
$8,185/moAssumed loan: $2,733/mo
Gap financing: $5,452/mo
Your Savings on This Property
3850 Robb, Wheat Ridge · 3.71% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($767,032) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($58,000, 5% of purchase price) and a second mortgage for the rest ($709,032 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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