Loan Comparison: 3.125% vs 6.5%
549 Hearthstone, Brighton, CO 80601 · 5bd/3ba · $655,000
List Price
$655,000
Assumable Rate
3.125%
Remaining Balance
$421,804
Equity Gap
$233,196
Loan Type
VAAdjust Your Scenario
$32,750
$32,750$233,196
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.125% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,933/moAssumable @ 3.125% + gap loan
$3,348/moAssumed loan: $1,807/mo
Gap financing: $1,541/mo
$585less per month with the assumable
Your Savings on This Property
549 Hearthstone, Brighton · 3.125% VA vs 6.5% conventional
$585
per month
$7,019
per year
$210,558
over 30 years
$210,558
interest saved
How gap financing works: The equity gap ($233,196) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,750, 5% of purchase price) and a second mortgage for the rest ($200,446 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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