Loan Comparison: 2.74% vs 6.5%
1358 Marigold, Lafayette, CO 80026 · 3bd/4ba · $749,000
List Price
$749,000
Assumable Rate
2.74%
Remaining Balance
$300,042
Equity Gap
$448,958
Loan Type
VAAdjust Your Scenario
$37,450
$37,450$448,958
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 6.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,497/moAssumable @ 2.74% + gap loan
$4,387/moAssumed loan: $1,223/mo
Gap financing: $3,164/mo
$110less per month with the assumable
Your Savings on This Property
1358 Marigold, Lafayette · 2.74% VA vs 6.5% conventional
$110
per month
$1,320
per year
$39,612
over 30 years
$39,612
interest saved
How gap financing works: The equity gap ($448,958) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,450, 5% of purchase price) and a second mortgage for the rest ($411,508 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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