Loan Comparison: 2.6% vs 6.5%
5761 Piney River Place, Brighton, CO 80601 · 3bd/3ba · $529,900
List Price
$529,900
Assumable Rate
2.6%
Remaining Balance
$486,596
Equity Gap
$43,304
Loan Type
VAAdjust Your Scenario
$26,495
$26,495$43,304
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.6% (VA)
Blended Rate: 2.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.6% + gap loan
$2,066/moAssumed loan: $1,948/mo
Gap financing: $118/mo
$1,116less per month with the assumable
Your Savings on This Property
5761 Piney River Place, Brighton · 2.6% VA vs 6.5% conventional
$1,116
per month
$13,396
per year
$401,866
over 30 years
$401,866
interest saved
How gap financing works: The equity gap ($43,304) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($16,809 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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