Loan Comparison: 2.75% vs 6.5%
1333 Elbridge, Elizabeth, CO 80107 · 4bd/3ba · $625,000
List Price
$625,000
Assumable Rate
2.75%
Remaining Balance
$520,716
Equity Gap
$102,963
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$102,963
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 3.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 2.75% + gap loan
$2,677/moAssumed loan: $2,126/mo
Gap financing: $551/mo
$1,076less per month with the assumable
Your Savings on This Property
1333 Elbridge, Elizabeth · 2.75% VA vs 6.5% conventional
$1,076
per month
$12,909
per year
$387,258
over 30 years
$385,937
interest saved
How gap financing works: The equity gap ($102,963) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($71,713 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 1333 Elbridge.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.