Loan Comparison: 5.52% vs 6.5%
830 Ponderosa, Eaton, CO 80615 · 4bd/2ba · $465,000
List Price
$465,000
Assumable Rate
5.52%
Remaining Balance
$425,529
Equity Gap
$38,870
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$38,870
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 5.52% + gap loan
$2,542/moAssumed loan: $2,421/mo
Gap financing: $120/mo
$251less per month with the assumable
Your Savings on This Property
830 Ponderosa, Eaton · 5.52% VA vs 6.5% conventional
$251
per month
$3,007
per year
$90,219
over 30 years
$89,618
interest saved
How gap financing works: The equity gap ($38,870) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($15,620 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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