Loan Comparison: 3.62% vs 6.5%
327 Poppy, Golden, CO 80401 · 3bd/1ba · $500,000
List Price
$500,000
Assumable Rate
3.62%
Remaining Balance
$244,631
Equity Gap
$255,369
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$255,369
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 5.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.62% + gap loan
$2,886/moAssumed loan: $1,115/mo
Gap financing: $1,771/mo
$116less per month with the assumable
Your Savings on This Property
327 Poppy, Golden · 3.62% VA vs 6.5% conventional
$116
per month
$1,392
per year
$41,771
over 30 years
$41,771
interest saved
How gap financing works: The equity gap ($255,369) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($230,369 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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