Loan Comparison: 4.74% vs 6.5%
10020 Lee, Broomfield, CO 80021 · 3bd/2ba · $635,000
List Price
$635,000
Assumable Rate
4.74%
Remaining Balance
$144,256
Equity Gap
$490,744
Loan Type
VAAdjust Your Scenario
$31,750
$31,750$490,744
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.74% (VA)
Blended Rate: 7.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,813/moAssumable @ 4.74% + gap loan
$4,281/moAssumed loan: $752/mo
Gap financing: $3,529/mo
Your Savings on This Property
10020 Lee, Broomfield · 4.74% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($490,744) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,750, 5% of purchase price) and a second mortgage for the rest ($458,994 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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