Loan Comparison: 3.07% vs 6.5%
7472 Skyline, Frederick, CO 80504 · 3bd/3ba · $514,500
List Price
$514,500
Assumable Rate
3.07%
Remaining Balance
$399,685
Equity Gap
$114,814
Loan Type
VAAdjust Your Scenario
$25,725
$25,725$114,814
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,089/moAssumable @ 3.07% + gap loan
$2,385/moAssumed loan: $1,700/mo
Gap financing: $685/mo
$704less per month with the assumable
Your Savings on This Property
7472 Skyline, Frederick · 3.07% VA vs 6.5% conventional
$704
per month
$8,450
per year
$253,497
over 30 years
$253,496
interest saved
How gap financing works: The equity gap ($114,814) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,725, 5% of purchase price) and a second mortgage for the rest ($89,089 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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