Loan Comparison: 3.47% vs 6.5%
2720 Bridle, Mead, CO 80542 · 5bd/4ba · $539,000
List Price
$539,000
Assumable Rate
3.47%
Remaining Balance
$306,823
Equity Gap
$229,619
Loan Type
VAAdjust Your Scenario
$26,950
$26,950$229,619
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,237/moAssumable @ 3.47% + gap loan
$2,931/moAssumed loan: $1,373/mo
Gap financing: $1,558/mo
$306less per month with the assumable
Your Savings on This Property
2720 Bridle, Mead · 3.47% VA vs 6.5% conventional
$306
per month
$3,666
per year
$109,986
over 30 years
$107,428
interest saved
How gap financing works: The equity gap ($229,619) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,950, 5% of purchase price) and a second mortgage for the rest ($202,669 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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