Loan Comparison: 3.56% vs 6.5%
2900 Purcell, Brighton, CO 80601 · 2bd/3ba · $324,900
List Price
$324,900
Assumable Rate
3.56%
Remaining Balance
$245,122
Equity Gap
$76,484
Loan Type
VAAdjust Your Scenario
$16,245
$16,245$76,484
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.56% (VA)
Blended Rate: 4.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,951/moAssumable @ 3.56% + gap loan
$1,572/moAssumed loan: $1,109/mo
Gap financing: $463/mo
$379less per month with the assumable
Your Savings on This Property
2900 Purcell, Brighton · 3.56% VA vs 6.5% conventional
$379
per month
$4,545
per year
$136,365
over 30 years
$133,071
interest saved
How gap financing works: The equity gap ($76,484) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,245, 5% of purchase price) and a second mortgage for the rest ($60,239 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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