Loan Comparison: 3.35% vs 6.5%
9807 Newland, Broomfield, CO 80021 · 3bd/3ba · $650,000
List Price
$650,000
Assumable Rate
3.35%
Remaining Balance
$212,007
Equity Gap
$441,732
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$441,732
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (VA)
Blended Rate: 6.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 3.35% + gap loan
$4,081/moAssumed loan: $934/mo
Gap financing: $3,147/mo
Your Savings on This Property
9807 Newland, Broomfield · 3.35% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($441,732) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($409,232 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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