Loan Comparison: 3.1% vs 6.5%
5058 Thistle, Brighton, CO 80601 · 5bd/4ba · $749,000
List Price
$749,000
Assumable Rate
3.1%
Remaining Balance
$547,114
Equity Gap
$201,886
Loan Type
VAAdjust Your Scenario
$37,450
$37,450$201,886
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,497/moAssumable @ 3.1% + gap loan
$3,601/moAssumed loan: $2,336/mo
Gap financing: $1,264/mo
$897less per month with the assumable
Your Savings on This Property
5058 Thistle, Brighton · 3.1% VA vs 6.5% conventional
$897
per month
$10,762
per year
$322,863
over 30 years
$322,863
interest saved
How gap financing works: The equity gap ($201,886) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,450, 5% of purchase price) and a second mortgage for the rest ($164,436 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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