Loan Comparison: 2.83% vs 6.5%
2389 Bitterroot, Highlands Ranch, CO 80129 · 4bd/4ba · $859,000
List Price
$859,000
Assumable Rate
2.83%
Remaining Balance
$603,235
Equity Gap
$257,131
Loan Type
VAAdjust Your Scenario
$42,950
$42,950$257,131
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,158/moAssumable @ 2.83% + gap loan
$4,135/moAssumed loan: $2,488/mo
Gap financing: $1,647/mo
$1,023less per month with the assumable
Your Savings on This Property
2389 Bitterroot, Highlands Ranch · 2.83% VA vs 6.5% conventional
$1,023
per month
$12,274
per year
$368,220
over 30 years
$369,586
interest saved
How gap financing works: The equity gap ($257,131) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,950, 5% of purchase price) and a second mortgage for the rest ($214,181 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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