Loan Comparison: 4.17% vs 6.5%
5320 13th, Frederick, CO 80504 · 2bd/3ba · $410,000
List Price
$410,000
Assumable Rate
4.17%
Remaining Balance
$387,991
Equity Gap
$21,320
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$21,320
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 4.17% + gap loan
$1,897/moAssumed loan: $1,891/mo
Gap financing: $6/mo
$565less per month with the assumable
Your Savings on This Property
5320 13th, Frederick · 4.17% VA vs 6.5% conventional
$565
per month
$6,781
per year
$203,416
over 30 years
$202,727
interest saved
How gap financing works: The equity gap ($21,320) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($820 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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