Loan Comparison: 2.88% vs 6.5%
800 Divide View, Golden, CO 80403 · 4bd/3ba · $1,350,000
List Price
$1,350,000
Assumable Rate
2.88%
Remaining Balance
$733,886
Equity Gap
$616,114
Loan Type
VAAdjust Your Scenario
$67,500
$67,500$616,114
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,106/moAssumable @ 2.88% + gap loan
$7,265/moAssumed loan: $3,047/mo
Gap financing: $4,218/mo
$841less per month with the assumable
Your Savings on This Property
800 Divide View, Golden · 2.88% VA vs 6.5% conventional
$841
per month
$10,093
per year
$302,798
over 30 years
$302,798
interest saved
How gap financing works: The equity gap ($616,114) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($67,500, 5% of purchase price) and a second mortgage for the rest ($548,614 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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