Loan Comparison: 3.95% vs 6.5%
2585 Mckay Landing Parkway, Broomfield, CO 80023 · 3bd/3ba · $875,000
List Price
$875,000
Assumable Rate
3.95%
Remaining Balance
$279,047
Equity Gap
$595,953
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$595,953
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 6.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 3.95% + gap loan
$5,185/moAssumed loan: $1,324/mo
Gap financing: $3,861/mo
$69less per month with the assumable
Your Savings on This Property
2585 Mckay Landing Parkway, Broomfield · 3.95% VA vs 6.5% conventional
$69
per month
$826
per year
$24,768
over 30 years
$24,768
interest saved
How gap financing works: The equity gap ($595,953) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($552,203 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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