Loan Comparison: 4.57% vs 6.5%
10020 Lee Street, Broomfield, CO 80021 · 1bd/1ba · $585,000
List Price
$585,000
Assumable Rate
4.57%
Remaining Balance
$141,203
Equity Gap
$443,797
Loan Type
VAAdjust Your Scenario
$29,250
$29,250$443,797
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.57% (VA)
Blended Rate: 6.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,513/moAssumable @ 4.57% + gap loan
$3,620/moAssumed loan: $721/mo
Gap financing: $2,899/mo
Your Savings on This Property
10020 Lee Street, Broomfield · 4.57% 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 ($443,797) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,250, 5% of purchase price) and a second mortgage for the rest ($414,547 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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