Loan Comparison: 3.06% vs 6.5%
5105 Buckwheat Road, Brighton, CO 80640 · 3bd/2ba · $435,000
List Price
$435,000
Assumable Rate
3.06%
Remaining Balance
$393,602
Equity Gap
$41,397
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$41,397
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.06% + gap loan
$1,810/moAssumed loan: $1,672/mo
Gap financing: $137/mo
$802less per month with the assumable
Your Savings on This Property
5105 Buckwheat Road, Brighton · 3.06% VA vs 6.5% conventional
$802
per month
$9,629
per year
$288,879
over 30 years
$288,878
interest saved
How gap financing works: The equity gap ($41,397) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($19,647 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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