Loan Comparison: 3.7% vs 6.5%
430 Stable Court, Brighton, CO 80601 · 5bd/3ba · $675,000
List Price
$675,000
Assumable Rate
3.7%
Remaining Balance
$350,829
Equity Gap
$324,170
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$324,170
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.7% (VA)
Blended Rate: 5.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.7% + gap loan
$3,645/moAssumed loan: $1,615/mo
Gap financing: $2,031/mo
$408less per month with the assumable
Your Savings on This Property
430 Stable Court, Brighton · 3.7% VA vs 6.5% conventional
$408
per month
$4,892
per year
$146,762
over 30 years
$146,761
interest saved
How gap financing works: The equity gap ($324,170) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($290,420 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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