Loan Comparison: 2.94% vs 6.5%
271 25th, Brighton, CO 80601 · 3bd/3ba · $440,000
List Price
$440,000
Assumable Rate
2.94%
Remaining Balance
$264,800
Equity Gap
$175,200
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$175,200
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.94% + gap loan
$2,286/moAssumed loan: $1,108/mo
Gap financing: $1,178/mo
$356less per month with the assumable
Your Savings on This Property
271 25th, Brighton · 2.94% VA vs 6.5% conventional
$356
per month
$4,275
per year
$128,236
over 30 years
$128,236
interest saved
How gap financing works: The equity gap ($175,200) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($153,200 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.