Loan Comparison: 2.74% vs 6.5%
11970 Silver Concho, Elbert, CO 80106 · 6bd/6ba · $1,985,000
List Price
$1,985,000
Assumable Rate
2.74%
Remaining Balance
$479,233
Equity Gap
$1,505,767
Loan Type
VAAdjust Your Scenario
$99,250
$99,250$1,505,767
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 7.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$11,919/moAssumable @ 2.74% + gap loan
$12,769/moAssumed loan: $1,954/mo
Gap financing: $10,815/mo
Your Savings on This Property
11970 Silver Concho, Elbert · 2.74% 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 ($1,505,767) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($99,250, 5% of purchase price) and a second mortgage for the rest ($1,406,517 at 8.5%). 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.
🏠
Back to This Listing
View photos, details, and request a showing for 11970 Silver Concho.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.