Loan Comparison: 2.74% vs 6.5%
9025 Picabo, Cascade, CO 80809 · 4bd/3ba · $479,999
List Price
$479,999
Assumable Rate
2.74%
Remaining Balance
$331,217
Equity Gap
$148,782
Loan Type
VAAdjust Your Scenario
$24,000
$24,000$148,782
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 2.74% + gap loan
$2,310/moAssumed loan: $1,350/mo
Gap financing: $959/mo
$572less per month with the assumable
Your Savings on This Property
9025 Picabo, Cascade · 2.74% VA vs 6.5% conventional
$572
per month
$6,868
per year
$206,045
over 30 years
$206,045
interest saved
How gap financing works: The equity gap ($148,782) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($124,782 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 9025 Picabo.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.