Loan Comparison: 3.18% vs 6.5%
11918 Mountview, Broomfield, CO 80021 · 3bd/3ba · $600,000
List Price
$600,000
Assumable Rate
3.18%
Remaining Balance
$481,612
Equity Gap
$118,388
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$118,388
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 4.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.18% + gap loan
$2,757/moAssumed loan: $2,078/mo
Gap financing: $680/mo
$846less per month with the assumable
Your Savings on This Property
11918 Mountview, Broomfield · 3.18% VA vs 6.5% conventional
$846
per month
$10,147
per year
$304,421
over 30 years
$304,421
interest saved
How gap financing works: The equity gap ($118,388) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($88,388 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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