Loan Comparison: 3.16% vs 6.5%
13405 21st, Golden, CO 80401 · 5bd/3ba · $825,000
List Price
$825,000
Assumable Rate
3.16%
Remaining Balance
$297,231
Equity Gap
$527,087
Loan Type
VAAdjust Your Scenario
$41,250
$41,250$527,087
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 6.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 3.16% + gap loan
$5,015/moAssumed loan: $1,279/mo
Gap financing: $3,736/mo
Your Savings on This Property
13405 21st, Golden · 3.16% 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 ($527,087) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($485,837 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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