Loan Comparison: 2.79% vs 6.5%
9545 Grand Cypress Cove, Lone Tree, CO 80124 · 4bd/4ba · $735,000
List Price
$735,000
Assumable Rate
2.79%
Remaining Balance
$488,214
Equity Gap
$246,786
Loan Type
VAAdjust Your Scenario
$36,750
$36,750$246,786
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 2.79% + gap loan
$3,472/moAssumed loan: $2,003/mo
Gap financing: $1,469/mo
$941less per month with the assumable
Your Savings on This Property
9545 Grand Cypress Cove, Lone Tree · 2.79% VA vs 6.5% conventional
$941
per month
$11,296
per year
$338,891
over 30 years
$338,891
interest saved
How gap financing works: The equity gap ($246,786) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,750, 5% of purchase price) and a second mortgage for the rest ($210,036 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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