Loan Comparison: 3.06% vs 6.5%
9029 Eldorado, Frederick, CO 80504 · 6bd/4ba · $622,000
List Price
$622,000
Assumable Rate
3.06%
Remaining Balance
$494,656
Equity Gap
$196,578
Loan Type
VAAdjust Your Scenario
$31,100
$31,100$196,578
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,735/moAssumable @ 3.06% + gap loan
$3,374/moAssumed loan: $2,102/mo
Gap financing: $1,272/mo
$361less per month with the assumable
Your Savings on This Property
9029 Eldorado, Frederick · 3.06% VA vs 6.5% conventional
$361
per month
$4,332
per year
$129,952
over 30 years
$199,186
interest saved
How gap financing works: The equity gap ($196,578) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,100, 5% of purchase price) and a second mortgage for the rest ($165,478 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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