Loan Comparison: 3.1% vs 6.5%
5058 Thistle Drive, Brighton, CO 80601 · 4bd/3ba · $739,000
List Price
$739,000
Assumable Rate
3.1%
Remaining Balance
$544,770
Equity Gap
$194,229
Loan Type
VAAdjust Your Scenario
$36,950
$36,950$194,229
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (VA)
Blended Rate: 4.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,437/moAssumable @ 3.1% + gap loan
$3,426/moAssumed loan: $2,326/mo
Gap financing: $1,100/mo
$1,011less per month with the assumable
Your Savings on This Property
5058 Thistle Drive, Brighton · 3.1% VA vs 6.5% conventional
$1,011
per month
$12,138
per year
$364,125
over 30 years
$364,124
interest saved
How gap financing works: The equity gap ($194,229) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,950, 5% of purchase price) and a second mortgage for the rest ($157,279 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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