Loan Comparison: 3.7% vs 6.5%
430 Stable, Brighton, CO 80601 · 4bd/2ba · $725,000
List Price
$725,000
Assumable Rate
3.7%
Remaining Balance
$354,706
Equity Gap
$372,613
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$372,613
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.7% (VA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 3.7% + gap loan
$4,219/moAssumed loan: $1,633/mo
Gap financing: $2,586/mo
$134less per month with the assumable
Your Savings on This Property
430 Stable, Brighton · 3.7% VA vs 6.5% conventional
$134
per month
$1,613
per year
$48,376
over 30 years
$50,695
interest saved
How gap financing works: The equity gap ($372,613) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($336,363 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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