Loan Comparison: 2.71% vs 6.5%
7988 Witney Place, Lone Tree, CO 80124 · 3bd/1ba · $1,275,000
List Price
$1,275,000
Assumable Rate
2.71%
Remaining Balance
$732,343
Equity Gap
$542,657
Loan Type
VAAdjust Your Scenario
$63,750
$63,750$542,657
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.71% (VA)
Blended Rate: 4.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,656/moAssumable @ 2.71% + gap loan
$6,323/moAssumed loan: $2,974/mo
Gap financing: $3,349/mo
$1,333less per month with the assumable
Your Savings on This Property
7988 Witney Place, Lone Tree · 2.71% VA vs 6.5% conventional
$1,333
per month
$15,997
per year
$479,918
over 30 years
$479,918
interest saved
How gap financing works: The equity gap ($542,657) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($63,750, 5% of purchase price) and a second mortgage for the rest ($478,907 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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