Loan Comparison: 3.07% vs 6.5%
164 Apache Plume, Brighton, CO 80601 · 3bd/2ba · $490,000
List Price
$490,000
Assumable Rate
3.07%
Remaining Balance
$447,635
Equity Gap
$40,485
Loan Type
VAAdjust Your Scenario
$24,500
$24,500$40,485
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.07% + gap loan
$2,027/moAssumed loan: $1,904/mo
Gap financing: $123/mo
$915less per month with the assumable
Your Savings on This Property
164 Apache Plume, Brighton · 3.07% VA vs 6.5% conventional
$915
per month
$10,982
per year
$329,464
over 30 years
$327,584
interest saved
How gap financing works: The equity gap ($40,485) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($15,985 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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