Loan Comparison: 5.52% vs 6.5%
14553 Holstein, Mead, CO 80542 · 4bd/3ba · $648,900
List Price
$648,900
Assumable Rate
5.52%
Remaining Balance
$540,747
Equity Gap
$107,385
Loan Type
VAAdjust Your Scenario
$32,445
$32,445$107,385
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,896/moAssumable @ 5.52% + gap loan
$3,653/moAssumed loan: $3,077/mo
Gap financing: $576/mo
$243less per month with the assumable
Your Savings on This Property
14553 Holstein, Mead · 5.52% VA vs 6.5% conventional
$243
per month
$2,917
per year
$87,516
over 30 years
$86,748
interest saved
How gap financing works: The equity gap ($107,385) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,445, 5% of purchase price) and a second mortgage for the rest ($74,940 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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