Loan Comparison: 3.08% vs 6.5%
4755 Mt Shavano, Brighton, CO 80601 · 4bd/3ba · $510,000
List Price
$510,000
Assumable Rate
3.08%
Remaining Balance
$466,400
Equity Gap
$41,529
Loan Type
VAAdjust Your Scenario
$25,500
$25,500$41,529
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.08% + gap loan
$2,110/moAssumed loan: $1,987/mo
Gap financing: $123/mo
$953less per month with the assumable
Your Savings on This Property
4755 Mt Shavano, Brighton · 3.08% VA vs 6.5% conventional
$953
per month
$11,431
per year
$342,928
over 30 years
$340,857
interest saved
How gap financing works: The equity gap ($41,529) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($16,029 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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