Loan Comparison: 2.74% vs 6.5%
826 Willow, Brighton, CO 80603 · 3bd/2ba · $436,000
List Price
$436,000
Assumable Rate
2.74%
Remaining Balance
$229,022
Equity Gap
$206,978
Loan Type
VAAdjust Your Scenario
$21,800
$21,800$206,978
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,618/moAssumable @ 2.74% + gap loan
$2,358/moAssumed loan: $934/mo
Gap financing: $1,424/mo
$260less per month with the assumable
Your Savings on This Property
826 Willow, Brighton · 2.74% VA vs 6.5% conventional
$260
per month
$3,125
per year
$93,750
over 30 years
$93,750
interest saved
How gap financing works: The equity gap ($206,978) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,800, 5% of purchase price) and a second mortgage for the rest ($185,178 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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