Loan Comparison: 2.74% vs 6.5%
14774 Eagle River, Broomfield, CO 80023 · 3bd/2ba · $765,000
List Price
$765,000
Assumable Rate
2.74%
Remaining Balance
$295,520
Equity Gap
$469,479
Loan Type
VAAdjust Your Scenario
$38,250
$38,250$469,479
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,594/moAssumable @ 2.74% + gap loan
$4,521/moAssumed loan: $1,205/mo
Gap financing: $3,316/mo
$73less per month with the assumable
Your Savings on This Property
14774 Eagle River, Broomfield · 2.74% VA vs 6.5% conventional
$73
per month
$875
per year
$26,246
over 30 years
$26,245
interest saved
How gap financing works: The equity gap ($469,479) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,250, 5% of purchase price) and a second mortgage for the rest ($431,229 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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