Loan Comparison: 4.14% vs 6.5%
1370 Foxtail, Broomfield, CO 80020 · 6bd/4ba · $875,000
List Price
$875,000
Assumable Rate
4.14%
Remaining Balance
$423,715
Equity Gap
$497,198
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$497,198
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (VA)
Blended Rate: 6.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 4.14% + gap loan
$5,544/moAssumed loan: $2,057/mo
Gap financing: $3,487/mo
Your Savings on This Property
1370 Foxtail, Broomfield · 4.14% 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 ($497,198) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($453,448 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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