Loan Comparison: 4.12% vs 6.5%
3624 Idlewood, Johnstown, CO 80534 · 3bd/3ba · $500,000
List Price
$500,000
Assumable Rate
4.12%
Remaining Balance
$197,401
Equity Gap
$303,194
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$303,194
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.12% (VA)
Blended Rate: 6.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 4.12% + gap loan
$3,095/moAssumed loan: $956/mo
Gap financing: $2,139/mo
Your Savings on This Property
3624 Idlewood, Johnstown · 4.12% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($303,194) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($278,194 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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