Loan Comparison: 3.63% vs 6.5%
5596 Osage, Larkspur, CO 80118 · 4bd/4ba · $1,200,000
List Price
$1,200,000
Assumable Rate
3.63%
Remaining Balance
$632,718
Equity Gap
$567,282
Loan Type
VAAdjust Your Scenario
$60,000
$60,000$567,282
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.63% (VA)
Blended Rate: 5.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,206/moAssumable @ 3.63% + gap loan
$6,788/moAssumed loan: $2,887/mo
Gap financing: $3,901/mo
$418less per month with the assumable
Your Savings on This Property
5596 Osage, Larkspur · 3.63% VA vs 6.5% conventional
$418
per month
$5,013
per year
$150,378
over 30 years
$150,378
interest saved
How gap financing works: The equity gap ($567,282) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($60,000, 5% of purchase price) and a second mortgage for the rest ($507,282 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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