Loan Comparison: 3.36% vs 6.5%
407 Silvermoon, Divide, CO 80814 · 4bd/5ba · $1,000,000
List Price
$1,000,000
Assumable Rate
3.36%
Remaining Balance
$673,864
Equity Gap
$327,669
Loan Type
VAAdjust Your Scenario
$50,000
$50,000$327,669
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.36% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 3.36% + gap loan
$5,109/moAssumed loan: $2,974/mo
Gap financing: $2,135/mo
$896less per month with the assumable
Your Savings on This Property
407 Silvermoon, Divide · 3.36% VA vs 6.5% conventional
$896
per month
$10,753
per year
$322,588
over 30 years
$324,121
interest saved
How gap financing works: The equity gap ($327,669) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($277,669 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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