Loan Comparison: 3.47% vs 6.5%
2720 Bridle, Mead, CO 80542 · 5bd/4ba · $599,000
List Price
$599,000
Assumable Rate
3.47%
Remaining Balance
$308,531
Equity Gap
$289,619
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$289,619
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 3.47% + gap loan
$3,377/moAssumed loan: $1,380/mo
Gap financing: $1,997/mo
$220less per month with the assumable
Your Savings on This Property
2720 Bridle, Mead · 3.47% VA vs 6.5% conventional
$220
per month
$2,638
per year
$79,154
over 30 years
$78,304
interest saved
How gap financing works: The equity gap ($289,619) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($259,669 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2720 Bridle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.