Loan Comparison: 2.85% vs 6.5%
8465 Aspenglow, Cascade, CO 80809 · 4bd/4ba · $1,200,000
List Price
$1,200,000
Assumable Rate
2.85%
Remaining Balance
$571,668
Equity Gap
$628,331
Loan Type
VAAdjust Your Scenario
$60,000
$60,000$628,331
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.85% (VA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,206/moAssumable @ 2.85% + gap loan
$6,734/moAssumed loan: $2,364/mo
Gap financing: $4,370/mo
$471less per month with the assumable
Your Savings on This Property
8465 Aspenglow, Cascade · 2.85% VA vs 6.5% conventional
$471
per month
$5,657
per year
$169,714
over 30 years
$169,713
interest saved
How gap financing works: The equity gap ($628,331) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($60,000, 5% of purchase price) and a second mortgage for the rest ($568,331 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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