Equity Gap Explained: The Rate Is the Asset

Описание: What is the equity gap on an assumable mortgage? Ryan Thomson breaks down how to cover it and why it's smaller than you think. Call (719) 624-3472.

The equity gap is the difference between what the seller owes and what you're paying for the home. On a $400,000 house with a $350,000 loan balance, that gap is $50,000. That's your number to cover, and it's the one thing that stops most buyers when they find an assumable mortgage.

But here's what most buyers miss: a lot of these deals close with five to fifteen percent down. That's not far from a conventional down payment, except you're stepping into a 2.75% rate instead of a 6.5% rate. The rate is the asset, not the house.

You have six real ways to cover the gap: cash, a second mortgage, a HELOC on another property, seller financing, a 401k loan, or gift funds. You don't need all six. You need one that fits your situation.

Real examples: Jeremy put $15,000 down on a $380,000 home and locked in a 2.65% rate. Ben and Liz put $16,000 down on a $430,000 home at 2.99%. These closed.

Chapters
0:00 What Is the Equity Gap
0:40 How the Math Works on a Real Home
1:10 Why Five to Fifteen Percent Down Is Realistic
1:45 Six Ways to Cover the Equity Gap
2:20 Real Buyer Examples That Closed
2:50 What to Expect Going In

Ryan Thomson, The Assumable Guy
Website: https://www.assumableguy.com
Instagram: @the.assumable.guy
Phone: (719) 624-3472

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