Loan Comparison: 2.68% vs 6.5%
6523 Shannon, Highlands Ranch, CO 80130 · 4bd/4ba · $850,000
List Price
$850,000
Assumable Rate
2.68%
Remaining Balance
$405,748
Equity Gap
$445,199
Loan Type
VAAdjust Your Scenario
$42,500
$42,500$445,199
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,104/moAssumable @ 2.68% + gap loan
$4,738/moAssumed loan: $1,641/mo
Gap financing: $3,096/mo
$366less per month with the assumable
Your Savings on This Property
6523 Shannon, Highlands Ranch · 2.68% VA vs 6.5% conventional
$366
per month
$4,393
per year
$131,802
over 30 years
$132,749
interest saved
How gap financing works: The equity gap ($445,199) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,500, 5% of purchase price) and a second mortgage for the rest ($402,699 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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