Loan Comparison: 2.9% vs 6.5%
271 25th Avenue, Brighton, CO 80602 · 5bd/5ba · $440,000
List Price
$440,000
Assumable Rate
2.9%
Remaining Balance
$262,712
Equity Gap
$177,288
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$177,288
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.9% + gap loan
$2,179/moAssumed loan: $1,093/mo
Gap financing: $1,086/mo
$463less per month with the assumable
Your Savings on This Property
271 25th Avenue, Brighton · 2.9% VA vs 6.5% conventional
$463
per month
$5,553
per year
$166,594
over 30 years
$166,594
interest saved
How gap financing works: The equity gap ($177,288) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($155,288 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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