Loan Comparison: 5.56% vs 6.5%
8449 Lost Lake Drive, Franktown, CO 80109 · 5bd/5ba · $2,150,000
List Price
$2,150,000
Assumable Rate
5.56%
Remaining Balance
$1,059,506
Equity Gap
$1,090,494
Loan Type
VAAdjust Your Scenario
$107,500
$107,500$1,090,494
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.56% (VA)
Blended Rate: 6.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$12,910/moAssumable @ 5.56% + gap loan
$12,929/moAssumed loan: $6,056/mo
Gap financing: $6,873/mo
Your Savings on This Property
8449 Lost Lake Drive, Franktown · 5.56% 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 ($1,090,494) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($107,500, 5% of purchase price) and a second mortgage for the rest ($982,994 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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