Loan Comparison: 2.15% vs 6.5%
8370 Aspenglow Lane, Cascade, CO 80911 · 3bd/1ba · $1,100,000
List Price
$1,100,000
Assumable Rate
2.15%
Remaining Balance
$363,356
Equity Gap
$736,644
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$736,644
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.15% (VA)
Blended Rate: 5.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 2.15% + gap loan
$6,137/moAssumed loan: $1,370/mo
Gap financing: $4,766/mo
$469less per month with the assumable
Your Savings on This Property
8370 Aspenglow Lane, Cascade · 2.15% VA vs 6.5% conventional
$469
per month
$5,622
per year
$168,661
over 30 years
$168,661
interest saved
How gap financing works: The equity gap ($736,644) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($681,644 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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