Loan Comparison: 2.83% vs 6.5%
10835 Hickory Ridge Lane, Highlands Ranch, CO 80126 · 4bd/3ba · $875,000
List Price
$875,000
Assumable Rate
2.83%
Remaining Balance
$333,333
Equity Gap
$541,666
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$541,666
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 5.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 2.83% + gap loan
$4,856/moAssumed loan: $1,375/mo
Gap financing: $3,482/mo
$398less per month with the assumable
Your Savings on This Property
10835 Hickory Ridge Lane, Highlands Ranch · 2.83% VA vs 6.5% conventional
$398
per month
$4,771
per year
$143,134
over 30 years
$143,133
interest saved
How gap financing works: The equity gap ($541,666) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($497,916 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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