Loan Comparison: 2.68% vs 6.5%
1348 Welch, Golden, CO 80401 · 3bd/2ba · $675,000
List Price
$675,000
Assumable Rate
2.68%
Remaining Balance
$387,005
Equity Gap
$287,995
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$287,995
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 2.68% + gap loan
$3,521/moAssumed loan: $1,566/mo
Gap financing: $1,955/mo
$533less per month with the assumable
Your Savings on This Property
1348 Welch, Golden · 2.68% VA vs 6.5% conventional
$533
per month
$6,391
per year
$191,740
over 30 years
$191,740
interest saved
How gap financing works: The equity gap ($287,995) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($254,245 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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