Loan Comparison: 2.79% vs 6.5%
826 Willow Drive, Brighton, CO 80603 · 4bd/3ba · $436,000
List Price
$436,000
Assumable Rate
2.79%
Remaining Balance
$228,173
Equity Gap
$207,826
Loan Type
VAAdjust Your Scenario
$21,800
$21,800$207,826
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,618/moAssumable @ 2.79% + gap loan
$2,237/moAssumed loan: $936/mo
Gap financing: $1,301/mo
$381less per month with the assumable
Your Savings on This Property
826 Willow Drive, Brighton · 2.79% VA vs 6.5% conventional
$381
per month
$4,572
per year
$137,148
over 30 years
$137,147
interest saved
How gap financing works: The equity gap ($207,826) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,800, 5% of purchase price) and a second mortgage for the rest ($186,026 at 7.5%). 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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