Loan Comparison: 2.77% vs 6.5%
7923 Witney, Lone Tree, CO 80124 · 6bd/5ba · $1,495,000
List Price
$1,495,000
Assumable Rate
2.77%
Remaining Balance
$545,436
Equity Gap
$949,564
Loan Type
VAAdjust Your Scenario
$74,750
$74,750$949,564
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 6.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,977/moAssumable @ 2.77% + gap loan
$8,959/moAssumed loan: $2,232/mo
Gap financing: $6,727/mo
$18less per month with the assumable
Your Savings on This Property
7923 Witney, Lone Tree · 2.77% VA vs 6.5% conventional
$18
per month
$215
per year
$6,446
over 30 years
$6,446
interest saved
How gap financing works: The equity gap ($949,564) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($74,750, 5% of purchase price) and a second mortgage for the rest ($874,814 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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