Loan Comparison: 3.06% vs 6.5%
3355 Bridger, Boulder, CO 80301 · 1bd/1ba · $279,000
List Price
$279,000
Assumable Rate
3.06%
Remaining Balance
$250,388
Equity Gap
$28,056
Loan Type
VAAdjust Your Scenario
$13,950
$13,950$28,056
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,675/moAssumable @ 3.06% + gap loan
$1,172/moAssumed loan: $1,064/mo
Gap financing: $108/mo
$503less per month with the assumable
Your Savings on This Property
3355 Bridger, Boulder · 3.06% VA vs 6.5% conventional
$503
per month
$6,037
per year
$181,104
over 30 years
$180,548
interest saved
How gap financing works: The equity gap ($28,056) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,950, 5% of purchase price) and a second mortgage for the rest ($14,106 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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