Loan Comparison: 3.06% vs 6.5%
5105 Buckwheat, Brighton, CO 80640 · 3bd/3ba · $455,000
List Price
$455,000
Assumable Rate
3.06%
Remaining Balance
$397,097
Equity Gap
$57,902
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$57,902
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 3.06% + gap loan
$1,957/moAssumed loan: $1,687/mo
Gap financing: $270/mo
$775less per month with the assumable
Your Savings on This Property
5105 Buckwheat, Brighton · 3.06% VA vs 6.5% conventional
$775
per month
$9,297
per year
$278,918
over 30 years
$278,917
interest saved
How gap financing works: The equity gap ($57,902) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($35,152 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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