Loan Comparison: 6.57% vs 6.5%
1331 Birch Street, Broomfield, CO 80020 · 3bd/3ba · $682,500
List Price
$682,500
Assumable Rate
6.57%
Remaining Balance
$99,429
Equity Gap
$583,070
Loan Type
VAAdjust Your Scenario
$34,125
$34,125$583,070
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.57% (VA)
Blended Rate: 7.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,098/moAssumable @ 6.57% + gap loan
$4,471/moAssumed loan: $633/mo
Gap financing: $3,838/mo
Your Savings on This Property
1331 Birch Street, Broomfield · 6.57% 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 ($583,070) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,125, 5% of purchase price) and a second mortgage for the rest ($548,945 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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