Loan Comparison: 3.02% vs 6.5%
503 5th, Berthoud, CO 80513 · 4bd/3ba · $535,000
List Price
$535,000
Assumable Rate
3.02%
Remaining Balance
$322,840
Equity Gap
$212,907
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$212,907
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 5.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.02% + gap loan
$2,796/moAssumed loan: $1,365/mo
Gap financing: $1,431/mo
$417less per month with the assumable
Your Savings on This Property
503 5th, Berthoud · 3.02% VA vs 6.5% conventional
$417
per month
$4,998
per year
$149,943
over 30 years
$150,690
interest saved
How gap financing works: The equity gap ($212,907) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($186,157 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.