Loan Comparison: 3.72% vs 6.5%
335 Kirkland, Johnstown, CO 80534 · 4bd/3ba · $530,000
List Price
$530,000
Assumable Rate
3.72%
Remaining Balance
$333,547
Equity Gap
$196,453
Loan Type
VAAdjust Your Scenario
$26,500
$26,500$196,453
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 5.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 3.72% + gap loan
$2,846/moAssumed loan: $1,539/mo
Gap financing: $1,307/mo
$337less per month with the assumable
Your Savings on This Property
335 Kirkland, Johnstown · 3.72% VA vs 6.5% conventional
$337
per month
$4,040
per year
$121,189
over 30 years
$121,189
interest saved
How gap financing works: The equity gap ($196,453) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($169,953 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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