Loan Comparison: 6.26% vs 6.5%
9801 Garrison Court, Broomfield, CO 80021 · 2bd/1ba · $587,500
List Price
$587,500
Assumable Rate
6.26%
Remaining Balance
$235,215
Equity Gap
$352,285
Loan Type
VAAdjust Your Scenario
$29,375
$29,375$352,285
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.26% (VA)
Blended Rate: 6.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,528/moAssumable @ 6.26% + gap loan
$3,708/moAssumed loan: $1,450/mo
Gap financing: $2,258/mo
Your Savings on This Property
9801 Garrison Court, 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 ($352,285) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,375, 5% of purchase price) and a second mortgage for the rest ($322,910 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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