Loan Comparison: 2.75% vs 6.5%
13251 Wild Basin Way, Broomfield, CO 80020 · 4bd/4ba · $1,075,000
List Price
$1,075,000
Assumable Rate
2.75%
Remaining Balance
$806,797
Equity Gap
$268,203
Loan Type
VAAdjust Your Scenario
$53,750
$53,750$268,203
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 3.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,455/moAssumable @ 2.75% + gap loan
$4,793/moAssumed loan: $3,294/mo
Gap financing: $1,499/mo
$1,662less per month with the assumable
Your Savings on This Property
13251 Wild Basin Way, Broomfield · 2.75% VA vs 6.5% conventional
$1,662
per month
$19,942
per year
$598,259
over 30 years
$598,259
interest saved
How gap financing works: The equity gap ($268,203) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($53,750, 5% of purchase price) and a second mortgage for the rest ($214,453 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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