Loan Comparison: 3.08% vs 6.5%
4755 Mt Shavano, Brighton, CO 80601 · 4bd/3ba · $525,000
List Price
$525,000
Assumable Rate
3.08%
Remaining Balance
$470,530
Equity Gap
$56,529
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$56,529
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.08% + gap loan
$2,237/moAssumed loan: $2,004/mo
Gap financing: $233/mo
$915less per month with the assumable
Your Savings on This Property
4755 Mt Shavano, Brighton · 3.08% VA vs 6.5% conventional
$915
per month
$10,986
per year
$329,575
over 30 years
$331,634
interest saved
How gap financing works: The equity gap ($56,529) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($30,279 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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