Loan Comparison: 2.98% vs 6.5%
10664 Chandon, Highlands Ranch, CO 80126 · 5bd/4ba · $999,999
List Price
$999,999
Assumable Rate
2.98%
Remaining Balance
$424,087
Equity Gap
$575,912
Loan Type
VAAdjust Your Scenario
$50,000
$50,000$575,912
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 2.98% + gap loan
$5,827/moAssumed loan: $1,783/mo
Gap financing: $4,044/mo
$177less per month with the assumable
Your Savings on This Property
10664 Chandon, Highlands Ranch · 2.98% VA vs 6.5% conventional
$177
per month
$2,129
per year
$63,877
over 30 years
$63,877
interest saved
How gap financing works: The equity gap ($575,912) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($525,912 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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