Loan Comparison: 4.16% vs 6.5%
770 Grays Peak, Berthoud, CO 80513 · 4bd/3ba · $575,000
List Price
$575,000
Assumable Rate
4.16%
Remaining Balance
$218,229
Equity Gap
$357,421
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$357,421
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.16% (VA)
Blended Rate: 6.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 4.16% + gap loan
$3,589/moAssumed loan: $1,062/mo
Gap financing: $2,527/mo
Your Savings on This Property
770 Grays Peak, Berthoud · 4.16% 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 ($357,421) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($328,671 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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