Loan Comparison: 2.77% vs 6.5%
9888 159th, Brighton, CO 80602 · 6bd/4ba · $599,000
List Price
$599,000
Assumable Rate
2.77%
Remaining Balance
$360,405
Equity Gap
$238,594
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$238,594
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 2.77% + gap loan
$3,079/moAssumed loan: $1,475/mo
Gap financing: $1,604/mo
$517less per month with the assumable
Your Savings on This Property
9888 159th, Brighton · 2.77% VA vs 6.5% conventional
$517
per month
$6,208
per year
$186,246
over 30 years
$186,245
interest saved
How gap financing works: The equity gap ($238,594) 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 ($208,644 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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