Loan Comparison: 2.84% vs 6.5%
970 Sage Sparrow Circle, Highlands Ranch, CO 80129 · 3bd/3ba · $724,900
List Price
$724,900
Assumable Rate
2.84%
Remaining Balance
$423,945
Equity Gap
$300,955
Loan Type
VAAdjust Your Scenario
$36,245
$36,245$300,955
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 2.84% + gap loan
$3,602/moAssumed loan: $1,751/mo
Gap financing: $1,851/mo
$751less per month with the assumable
Your Savings on This Property
970 Sage Sparrow Circle, Highlands Ranch · 2.84% VA vs 6.5% conventional
$751
per month
$9,011
per year
$270,318
over 30 years
$270,318
interest saved
How gap financing works: The equity gap ($300,955) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,245, 5% of purchase price) and a second mortgage for the rest ($264,710 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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