Loan Comparison: 3.62% vs 6.5%
7966 90th, Broomfield, CO 80021 · 2bd/3ba · $395,000
List Price
$395,000
Assumable Rate
3.62%
Remaining Balance
$263,079
Equity Gap
$134,797
Loan Type
VAAdjust Your Scenario
$19,750
$19,750$134,797
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 5.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 3.62% + gap loan
$2,084/moAssumed loan: $1,199/mo
Gap financing: $885/mo
$288less per month with the assumable
Your Savings on This Property
7966 90th, Broomfield · 3.62% VA vs 6.5% conventional
$288
per month
$3,458
per year
$103,748
over 30 years
$106,624
interest saved
How gap financing works: The equity gap ($134,797) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($115,047 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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