Loan Comparison: 2.6% vs 6.5%
5761 Piney River, Brighton, CO 80601 · 3bd/3ba · $529,900
List Price
$529,900
Assumable Rate
2.6%
Remaining Balance
$488,844
Equity Gap
$34,122
Loan Type
VAAdjust Your Scenario
$26,495
$26,495$34,122
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.6% (VA)
Blended Rate: 2.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 2.6% + gap loan
$2,016/moAssumed loan: $1,957/mo
Gap financing: $59/mo
$1,166less per month with the assumable
Your Savings on This Property
5761 Piney River, Brighton · 2.6% VA vs 6.5% conventional
$1,166
per month
$13,994
per year
$419,825
over 30 years
$412,891
interest saved
How gap financing works: The equity gap ($34,122) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($7,627 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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