Loan Comparison: 2.88% vs 6.5%
5124 Chicory, Brighton, CO 80601 · 3bd/3ba · $550,000
List Price
$550,000
Assumable Rate
2.88%
Remaining Balance
$512,744
Equity Gap
$37,256
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$37,256
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 2.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 2.88% + gap loan
$2,204/moAssumed loan: $2,129/mo
Gap financing: $75/mo
$1,099less per month with the assumable
Your Savings on This Property
5124 Chicory, Brighton · 2.88% VA vs 6.5% conventional
$1,099
per month
$13,186
per year
$395,580
over 30 years
$395,580
interest saved
How gap financing works: The equity gap ($37,256) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($9,756 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.
🏠
Back to This Listing
View photos, details, and request a showing for 5124 Chicory.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.