Loan Comparison: 6.96% vs 6.5%
10523 Morningdew Court, Highlands Ranch, CO 80126 · 6bd/4ba · $1,995,000
List Price
$1,995,000
Assumable Rate
6.96%
Remaining Balance
$1,370,307
Equity Gap
$624,693
Loan Type
VAAdjust Your Scenario
$99,750
$99,750$624,693
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.96% (VA)
Blended Rate: 7.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$11,979/moAssumable @ 6.96% + gap loan
$12,750/moAssumed loan: $9,080/mo
Gap financing: $3,670/mo
Your Savings on This Property
10523 Morningdew Court, Highlands Ranch · 6.96% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($624,693) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($99,750, 5% of purchase price) and a second mortgage for the rest ($524,943 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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