Loan Comparison: 2.6% vs 6.5%
5761 Piney River, Brighton, CO 80601 · 3bd/3ba · $549,900
List Price
$549,900
Assumable Rate
2.6%
Remaining Balance
$495,778
Equity Gap
$54,122
Loan Type
VAAdjust Your Scenario
$27,495
$27,495$54,122
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.6% (VA)
Blended Rate: 2.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 2.6% + gap loan
$2,190/moAssumed loan: $1,985/mo
Gap financing: $205/mo
$1,112less per month with the assumable
Your Savings on This Property
5761 Piney River, Brighton · 2.6% VA vs 6.5% conventional
$1,112
per month
$13,349
per year
$400,471
over 30 years
$400,471
interest saved
How gap financing works: The equity gap ($54,122) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($26,627 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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