Loan Comparison: 3.06% vs 6.5%
7930 Topeka, Cascade, CO 80809 · 3bd/3ba · $549,000
List Price
$549,000
Assumable Rate
3.06%
Remaining Balance
$198,918
Equity Gap
$350,082
Loan Type
VAAdjust Your Scenario
$27,450
$27,450$350,082
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 6.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 3.06% + gap loan
$3,326/moAssumed loan: $845/mo
Gap financing: $2,481/mo
Your Savings on This Property
7930 Topeka, Cascade · 3.06% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($350,082) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($322,632 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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