Loan Comparison: 2.71% vs 6.5%
1520 Red Poppy, Brighton, CO 80601 · 2bd/2ba · $495,000
List Price
$495,000
Assumable Rate
2.71%
Remaining Balance
$26,396
Equity Gap
$468,666
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$468,666
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.71% (VA)
Blended Rate: 8.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 2.71% + gap loan
$3,521/moAssumed loan: $107/mo
Gap financing: $3,413/mo
Your Savings on This Property
1520 Red Poppy, Brighton · 2.71% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($468,666) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($443,916 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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