Loan Comparison: 6.95% vs 6.5%
4378 Braun Way, Morrison, CO 80236 · 3bd/3ba · $648,500
List Price
$648,500
Assumable Rate
6.95%
Remaining Balance
$611,719
Equity Gap
$36,780
Loan Type
VAAdjust Your Scenario
$32,425
$32,425$36,780
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.95% (VA)
Blended Rate: 6.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,894/moAssumable @ 6.95% + gap loan
$4,080/moAssumed loan: $4,049/mo
Gap financing: $30/mo
Your Savings on This Property
4378 Braun Way, Morrison · 6.95% 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 ($36,780) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,425, 5% of purchase price) and a second mortgage for the rest ($4,355 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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