Loan Comparison: 3.23% vs 6.5%
259 Bristlecone, Brighton, CO 80601 · 3bd/3ba · $560,000
List Price
$560,000
Assumable Rate
3.23%
Remaining Balance
$392,476
Equity Gap
$167,523
Loan Type
VAAdjust Your Scenario
$28,000
$28,000$167,523
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,363/moAssumable @ 3.23% + gap loan
$2,777/moAssumed loan: $1,704/mo
Gap financing: $1,073/mo
$586less per month with the assumable
Your Savings on This Property
259 Bristlecone, Brighton · 3.23% VA vs 6.5% conventional
$586
per month
$7,032
per year
$210,966
over 30 years
$210,965
interest saved
How gap financing works: The equity gap ($167,523) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,000, 5% of purchase price) and a second mortgage for the rest ($139,523 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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