Loan Comparison: 3.76% vs 6.5%
549 Hearthstone Avenue, Brighton, CO 80603 · 4bd/3ba · $660,000
List Price
$660,000
Assumable Rate
3.76%
Remaining Balance
$422,260
Equity Gap
$237,739
Loan Type
VAAdjust Your Scenario
$33,000
$33,000$237,739
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,963/moAssumable @ 3.76% + gap loan
$3,390/moAssumed loan: $1,958/mo
Gap financing: $1,432/mo
$574less per month with the assumable
Your Savings on This Property
549 Hearthstone Avenue, Brighton · 3.76% VA vs 6.5% conventional
$574
per month
$6,883
per year
$206,479
over 30 years
$206,478
interest saved
How gap financing works: The equity gap ($237,739) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,000, 5% of purchase price) and a second mortgage for the rest ($204,739 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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