Loan Comparison: 2.99% vs 6.5%
3086 Yale, Broomfield, CO 80023 · 5bd/4ba · $1,100,000
List Price
$1,100,000
Assumable Rate
2.99%
Remaining Balance
$612,043
Equity Gap
$489,312
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$489,312
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 2.99% + gap loan
$5,917/moAssumed loan: $2,577/mo
Gap financing: $3,339/mo
$689less per month with the assumable
Your Savings on This Property
3086 Yale, Broomfield · 2.99% VA vs 6.5% conventional
$689
per month
$8,262
per year
$247,870
over 30 years
$249,225
interest saved
How gap financing works: The equity gap ($489,312) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($434,312 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.