Loan Comparison: 5.23% vs 6.5%
6665 Monaco, Brighton, CO 80602 · 4bd/3ba · $445,000
List Price
$445,000
Assumable Rate
5.23%
Remaining Balance
$401,914
Equity Gap
$44,864
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$44,864
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 5.23% + gap loan
$2,388/moAssumed loan: $2,214/mo
Gap financing: $174/mo
$284less per month with the assumable
Your Savings on This Property
6665 Monaco, Brighton · 5.23% VA vs 6.5% conventional
$284
per month
$3,405
per year
$102,160
over 30 years
$103,938
interest saved
How gap financing works: The equity gap ($44,864) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($22,614 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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