Loan Comparison: 6.27% vs 6.5%
8833 Red Primrose Street, Franktown, CO 80116 · 2bd/1ba · $1,695,000
List Price
$1,695,000
Assumable Rate
6.27%
Remaining Balance
$679,724
Equity Gap
$1,015,275
Loan Type
VAAdjust Your Scenario
$84,750
$84,750$1,015,275
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.27% (VA)
Blended Rate: 6.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,178/moAssumable @ 6.27% + gap loan
$10,700/moAssumed loan: $4,194/mo
Gap financing: $6,506/mo
Your Savings on This Property
8833 Red Primrose Street, Franktown · 6.27% 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 ($1,015,275) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($84,750, 5% of purchase price) and a second mortgage for the rest ($930,525 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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