Loan Comparison: 3.08% vs 6.5%
4459 Homestead, Brighton, CO 80601 · 3bd/3ba · $619,900
List Price
$619,900
Assumable Rate
3.08%
Remaining Balance
$250,331
Equity Gap
$369,569
Loan Type
VAAdjust Your Scenario
$30,995
$30,995$369,569
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 6.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,722/moAssumable @ 3.08% + gap loan
$3,670/moAssumed loan: $1,066/mo
Gap financing: $2,603/mo
$53less per month with the assumable
Your Savings on This Property
4459 Homestead, Brighton · 3.08% VA vs 6.5% conventional
$53
per month
$632
per year
$18,973
over 30 years
$18,973
interest saved
How gap financing works: The equity gap ($369,569) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,995, 5% of purchase price) and a second mortgage for the rest ($338,574 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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