Loan Comparison: 2.73% vs 6.5%
12646 Hazel, Broomfield, CO 80020 · 4bd/4ba · $599,900
List Price
$599,900
Assumable Rate
2.73%
Remaining Balance
$397,161
Equity Gap
$201,795
Loan Type
VAAdjust Your Scenario
$29,995
$29,995$201,795
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.73% (VA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 2.73% + gap loan
$2,938/moAssumed loan: $1,617/mo
Gap financing: $1,321/mo
$664less per month with the assumable
Your Savings on This Property
12646 Hazel, Broomfield · 2.73% VA vs 6.5% conventional
$664
per month
$7,968
per year
$239,048
over 30 years
$238,104
interest saved
How gap financing works: The equity gap ($201,795) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($171,800 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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