Loan Comparison: 2.96% vs 6.5%
781 Gamble Oak, Brighton, CO 80601 · 3bd/3ba · $619,500
List Price
$619,500
Assumable Rate
2.96%
Remaining Balance
$435,639
Equity Gap
$181,940
Loan Type
VAAdjust Your Scenario
$30,975
$30,975$181,940
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 4.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,720/moAssumable @ 2.96% + gap loan
$2,988/moAssumed loan: $1,827/mo
Gap financing: $1,161/mo
$732less per month with the assumable
Your Savings on This Property
781 Gamble Oak, Brighton · 2.96% VA vs 6.5% conventional
$732
per month
$8,782
per year
$263,448
over 30 years
$261,527
interest saved
How gap financing works: The equity gap ($181,940) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,975, 5% of purchase price) and a second mortgage for the rest ($150,965 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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