Loan Comparison: 2.77% vs 6.5%
20085 County Road 74, Eaton, CO 80615 · 5bd/4ba · $799,000
List Price
$799,000
Assumable Rate
2.77%
Remaining Balance
$627,614
Equity Gap
$169,976
Loan Type
VAAdjust Your Scenario
$39,950
$39,950$169,976
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 3.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 2.77% + gap loan
$3,569/moAssumed loan: $2,569/mo
Gap financing: $1,000/mo
$1,229less per month with the assumable
Your Savings on This Property
20085 County Road 74, Eaton · 2.77% VA vs 6.5% conventional
$1,229
per month
$14,749
per year
$442,473
over 30 years
$441,063
interest saved
How gap financing works: The equity gap ($169,976) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($130,026 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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