Loan Comparison: 2.98% vs 6.5%
10664 Chandon, Highlands Ranch, CO 80126 · 5bd/4ba · $950,000
List Price
$950,000
Assumable Rate
2.98%
Remaining Balance
$423,160
Equity Gap
$524,988
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$524,988
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 5.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 2.98% + gap loan
$5,451/moAssumed loan: $1,779/mo
Gap financing: $3,671/mo
$253less per month with the assumable
Your Savings on This Property
10664 Chandon, Highlands Ranch · 2.98% VA vs 6.5% conventional
$253
per month
$3,041
per year
$91,241
over 30 years
$89,389
interest saved
How gap financing works: The equity gap ($524,988) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($477,488 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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