Loan Comparison: 4.82% vs 6.5%
2716 San Cristobal, Timnath, CO 80547 · 3bd/3ba · $732,000
List Price
$732,000
Assumable Rate
4.82%
Remaining Balance
$613,319
Equity Gap
$118,681
Loan Type
VAAdjust Your Scenario
$36,600
$36,600$118,681
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.82% (VA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,395/moAssumable @ 4.82% + gap loan
$3,856/moAssumed loan: $3,225/mo
Gap financing: $631/mo
$539less per month with the assumable
Your Savings on This Property
2716 San Cristobal, Timnath · 4.82% VA vs 6.5% conventional
$539
per month
$6,468
per year
$194,032
over 30 years
$194,032
interest saved
How gap financing works: The equity gap ($118,681) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,600, 5% of purchase price) and a second mortgage for the rest ($82,081 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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