Loan Comparison: 3.8% vs 6.5%
12684 Pronghorn, Broomfield, CO 80020 · 4bd/3ba · $675,000
List Price
$675,000
Assumable Rate
3.8%
Remaining Balance
$393,481
Equity Gap
$282,381
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$282,381
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (VA)
Blended Rate: 5.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.8% + gap loan
$3,745/moAssumed loan: $1,833/mo
Gap financing: $1,912/mo
$308less per month with the assumable
Your Savings on This Property
12684 Pronghorn, Broomfield · 3.8% VA vs 6.5% conventional
$308
per month
$3,695
per year
$110,853
over 30 years
$111,715
interest saved
How gap financing works: The equity gap ($282,381) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($248,631 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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