Loan Comparison: 4.98% vs 6.5%
39149 Braxton, Elizabeth, CO 80107 · 3bd/3ba · $540,000
List Price
$540,000
Assumable Rate
4.98%
Remaining Balance
$507,333
Equity Gap
$31,886
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$31,886
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 4.98% + gap loan
$2,755/moAssumed loan: $2,717/mo
Gap financing: $38/mo
$488less per month with the assumable
Your Savings on This Property
39149 Braxton, Elizabeth · 4.98% VA vs 6.5% conventional
$488
per month
$5,852
per year
$175,559
over 30 years
$174,778
interest saved
How gap financing works: The equity gap ($31,886) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($4,886 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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