Loan Comparison: 3.56% vs 6.5%
2900 Purcell, Brighton, CO 80601 · 2bd/3ba · $329,900
List Price
$329,900
Assumable Rate
3.56%
Remaining Balance
$245,596
Equity Gap
$84,303
Loan Type
VAAdjust Your Scenario
$16,495
$16,495$84,303
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.56% (VA)
Blended Rate: 4.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,981/moAssumable @ 3.56% + gap loan
$1,632/moAssumed loan: $1,111/mo
Gap financing: $521/mo
$348less per month with the assumable
Your Savings on This Property
2900 Purcell, Brighton · 3.56% VA vs 6.5% conventional
$348
per month
$4,182
per year
$125,449
over 30 years
$125,448
interest saved
How gap financing works: The equity gap ($84,303) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,495, 5% of purchase price) and a second mortgage for the rest ($67,808 at 8.5%). 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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