Loan Comparison: 2.96% vs 6.5%
781 Gamble Oak, Brighton, CO 80601 · 3bd/3ba · $635,000
List Price
$635,000
Assumable Rate
2.96%
Remaining Balance
$436,600
Equity Gap
$198,399
Loan Type
VAAdjust Your Scenario
$31,750
$31,750$198,399
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,813/moAssumable @ 2.96% + gap loan
$3,113/moAssumed loan: $1,831/mo
Gap financing: $1,281/mo
$700less per month with the assumable
Your Savings on This Property
781 Gamble Oak, Brighton · 2.96% VA vs 6.5% conventional
$700
per month
$8,403
per year
$252,089
over 30 years
$252,088
interest saved
How gap financing works: The equity gap ($198,399) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,750, 5% of purchase price) and a second mortgage for the rest ($166,649 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 781 Gamble Oak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.