Loan Comparison: 2.68% vs 6.5%
6727 Thistle Ridge, Firestone, CO 80504 · 4bd/3ba · $608,000
List Price
$608,000
Assumable Rate
2.68%
Remaining Balance
$212,905
Equity Gap
$395,095
Loan Type
VAAdjust Your Scenario
$30,400
$30,400$395,095
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 6.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,651/moAssumable @ 2.68% + gap loan
$3,665/moAssumed loan: $861/mo
Gap financing: $2,804/mo
Your Savings on This Property
6727 Thistle Ridge, Firestone · 2.68% 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 ($395,095) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,400, 5% of purchase price) and a second mortgage for the rest ($364,695 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.
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