Loan Comparison: 2.98% vs 6.5%
45 Gaviota, Brighton, CO 80601 · 3bd/3ba · $438,000
List Price
$438,000
Assumable Rate
2.98%
Remaining Balance
$394,473
Equity Gap
$43,526
Loan Type
VAAdjust Your Scenario
$21,900
$21,900$43,526
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 3.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,630/moAssumable @ 2.98% + gap loan
$1,825/moAssumed loan: $1,659/mo
Gap financing: $166/mo
$805less per month with the assumable
Your Savings on This Property
45 Gaviota, Brighton · 2.98% VA vs 6.5% conventional
$805
per month
$9,659
per year
$289,760
over 30 years
$289,759
interest saved
How gap financing works: The equity gap ($43,526) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,900, 5% of purchase price) and a second mortgage for the rest ($21,626 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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