Loan Comparison: 2.83% vs 6.5%
3048 Deer Creek, Highlands Ranch, CO 80129 · 4bd/4ba · $650,000
List Price
$650,000
Assumable Rate
2.83%
Remaining Balance
$417,712
Equity Gap
$260,488
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$260,488
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.83% + gap loan
$3,476/moAssumed loan: $1,723/mo
Gap financing: $1,753/mo
$427less per month with the assumable
Your Savings on This Property
3048 Deer Creek, Highlands Ranch · 2.83% VA vs 6.5% conventional
$427
per month
$5,124
per year
$153,707
over 30 years
$181,907
interest saved
How gap financing works: The equity gap ($260,488) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($227,988 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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