Loan Comparison: 2.85% vs 6.5%
8465 Aspenglow Lane, Cascade, CO 80809 · 6bd/4ba · $1,025,000
List Price
$1,025,000
Assumable Rate
2.85%
Remaining Balance
$565,154
Equity Gap
$459,845
Loan Type
VAAdjust Your Scenario
$51,250
$51,250$459,845
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.85% (VA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,155/moAssumable @ 2.85% + gap loan
$5,194/moAssumed loan: $2,337/mo
Gap financing: $2,857/mo
$961less per month with the assumable
Your Savings on This Property
8465 Aspenglow Lane, Cascade · 2.85% VA vs 6.5% conventional
$961
per month
$11,527
per year
$345,805
over 30 years
$345,804
interest saved
How gap financing works: The equity gap ($459,845) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($51,250, 5% of purchase price) and a second mortgage for the rest ($408,595 at 7.5%). 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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