Loan Comparison: 2.68% vs 6.5%
1348 Welch, Golden, CO 80401 · 3bd/2ba · $695,000
List Price
$695,000
Assumable Rate
2.68%
Remaining Balance
$387,923
Equity Gap
$307,077
Loan Type
VAAdjust Your Scenario
$34,750
$34,750$307,077
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,173/moAssumable @ 2.68% + gap loan
$3,663/moAssumed loan: $1,569/mo
Gap financing: $2,094/mo
$510less per month with the assumable
Your Savings on This Property
1348 Welch, Golden · 2.68% VA vs 6.5% conventional
$510
per month
$6,119
per year
$183,584
over 30 years
$183,584
interest saved
How gap financing works: The equity gap ($307,077) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,750, 5% of purchase price) and a second mortgage for the rest ($272,327 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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