Loan Comparison: 2.77% vs 6.5%
11400 102nd, Broomfield, CO 80021 · 3bd/2ba · $509,900
List Price
$509,900
Assumable Rate
2.77%
Remaining Balance
$345,975
Equity Gap
$163,925
Loan Type
VAAdjust Your Scenario
$25,495
$25,495$163,925
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 2.77% + gap loan
$2,480/moAssumed loan: $1,416/mo
Gap financing: $1,064/mo
$581less per month with the assumable
Your Savings on This Property
11400 102nd, Broomfield · 2.77% VA vs 6.5% conventional
$581
per month
$6,975
per year
$209,261
over 30 years
$209,261
interest saved
How gap financing works: The equity gap ($163,925) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,495, 5% of purchase price) and a second mortgage for the rest ($138,430 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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