Loan Comparison: 3.6% vs 6.5%
559 Cable, Brighton, CO 80603 · 3bd/3ba · $470,000
List Price
$470,000
Assumable Rate
3.6%
Remaining Balance
$262,575
Equity Gap
$268,158
Loan Type
VAAdjust Your Scenario
$23,500
$23,500$268,158
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 5.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.6% + gap loan
$3,075/moAssumed loan: $1,194/mo
Gap financing: $1,881/mo
Your Savings on This Property
559 Cable, Brighton · 3.6% 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 ($268,158) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,500, 5% of purchase price) and a second mortgage for the rest ($244,658 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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