Loan Comparison: 2.375% vs 6.5%
2040 Oak, Boulder, CO 80304 · 5bd/4ba · $1,998,000
List Price
$1,998,000
Assumable Rate
2.375%
Remaining Balance
$503,705
Equity Gap
$1,493,155
Loan Type
VAAdjust Your Scenario
$99,900
$99,900$1,493,155
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.375% (VA)
Blended Rate: 6.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$11,997/moAssumable @ 2.375% + gap loan
$12,671/moAssumed loan: $1,958/mo
Gap financing: $10,713/mo
Your Savings on This Property
2040 Oak, Boulder · 2.375% 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 ($1,493,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($99,900, 5% of purchase price) and a second mortgage for the rest ($1,393,255 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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