Loan Comparison: 6.26% vs 6.5%
5720 110th Place, Broomfield, CO 80020 · 5bd/4ba · $565,000
List Price
$565,000
Assumable Rate
6.26%
Remaining Balance
$97,475
Equity Gap
$467,525
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$467,525
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.26% (VA)
Blended Rate: 7.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 6.26% + gap loan
$3,672/moAssumed loan: $601/mo
Gap financing: $3,071/mo
Your Savings on This Property
5720 110th Place, Broomfield · 6.26% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($467,525) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($439,275 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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