Loan Comparison: 2.5% vs 6.5%
2119 Setting Sun Drive, Windsor, CO 80550 · 3bd/3ba · $899,900
List Price
$899,900
Assumable Rate
2.5%
Remaining Balance
$576,687
Equity Gap
$323,213
Loan Type
VAAdjust Your Scenario
$44,995
$44,995$323,213
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 4.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 2.5% + gap loan
$4,224/moAssumed loan: $2,279/mo
Gap financing: $1,945/mo
$1,180less per month with the assumable
Your Savings on This Property
2119 Setting Sun Drive, Windsor · 2.5% VA vs 6.5% conventional
$1,180
per month
$14,156
per year
$424,667
over 30 years
$424,667
interest saved
How gap financing works: The equity gap ($323,213) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,995, 5% of purchase price) and a second mortgage for the rest ($278,218 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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