Loan Comparison: 5.1% vs 6.5%
1653 Trefoil Circle, Brighton, CO 80601 · 2bd/3ba · $615,000
List Price
$615,000
Assumable Rate
5.1%
Remaining Balance
$574,683
Equity Gap
$40,316
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$40,316
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.1% (VA)
Blended Rate: 5.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 5.1% + gap loan
$3,187/moAssumed loan: $3,120/mo
Gap financing: $67/mo
$506less per month with the assumable
Your Savings on This Property
1653 Trefoil Circle, Brighton · 5.1% VA vs 6.5% conventional
$506
per month
$6,069
per year
$182,063
over 30 years
$182,062
interest saved
How gap financing works: The equity gap ($40,316) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($9,566 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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