Loan Comparison: 2.84% vs 6.5%
970 Sage Sparrow, Highlands Ranch, CO 80129 · 4bd/4ba · $734,900
List Price
$734,900
Assumable Rate
2.84%
Remaining Balance
$425,855
Equity Gap
$307,143
Loan Type
VAAdjust Your Scenario
$36,745
$36,745$307,143
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 5.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 2.84% + gap loan
$3,838/moAssumed loan: $1,759/mo
Gap financing: $2,079/mo
$575less per month with the assumable
Your Savings on This Property
970 Sage Sparrow, Highlands Ranch · 2.84% VA vs 6.5% conventional
$575
per month
$6,898
per year
$206,930
over 30 years
$205,028
interest saved
How gap financing works: The equity gap ($307,143) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,745, 5% of purchase price) and a second mortgage for the rest ($270,398 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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