Loan Comparison: 2.84% vs 6.5%
970 Sage Sparrow, Highlands Ranch, CO 80129 · 4bd/4ba · $765,000
List Price
$765,000
Assumable Rate
2.84%
Remaining Balance
$427,756
Equity Gap
$337,243
Loan Type
VAAdjust Your Scenario
$38,250
$38,250$337,243
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 5.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,594/moAssumable @ 2.84% + gap loan
$4,066/moAssumed loan: $1,767/mo
Gap financing: $2,299/mo
$528less per month with the assumable
Your Savings on This Property
970 Sage Sparrow, Highlands Ranch · 2.84% VA vs 6.5% conventional
$528
per month
$6,334
per year
$190,016
over 30 years
$190,015
interest saved
How gap financing works: The equity gap ($337,243) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,250, 5% of purchase price) and a second mortgage for the rest ($298,993 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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