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
$397,965
Equity Gap
$57,034
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$57,034
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 3.06% + gap loan
$1,954/moAssumed loan: $1,691/mo
Gap financing: $264/mo
$778less per month with the assumable
Your Savings on This Property
5105 Buckwheat, Brighton · 3.06% VA vs 6.5% conventional
$778
per month
$9,333
per year
$279,993
over 30 years
$279,992
interest saved
How gap financing works: The equity gap ($57,034) 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 ($34,284 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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