Loan Comparison: 2.77% vs 6.5%
11400 102nd Avenue, Broomfield, CO 80021 · 4bd/2ba · $499,900
List Price
$499,900
Assumable Rate
2.77%
Remaining Balance
$345,155
Equity Gap
$154,744
Loan Type
VAAdjust Your Scenario
$24,995
$24,995$154,744
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.77% + gap loan
$2,320/moAssumed loan: $1,413/mo
Gap financing: $907/mo
$682less per month with the assumable
Your Savings on This Property
11400 102nd Avenue, Broomfield · 2.77% VA vs 6.5% conventional
$682
per month
$8,181
per year
$245,439
over 30 years
$245,438
interest saved
How gap financing works: The equity gap ($154,744) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($129,749 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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