Loan Comparison: 3.04% vs 6.5%
10675 Cliffrose, Highlands Ranch, CO 80130 · 4bd/4ba · $839,000
List Price
$839,000
Assumable Rate
3.04%
Remaining Balance
$474,898
Equity Gap
$365,170
Loan Type
VAAdjust Your Scenario
$41,950
$41,950$365,170
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,038/moAssumable @ 3.04% + gap loan
$4,498/moAssumed loan: $2,012/mo
Gap financing: $2,485/mo
$540less per month with the assumable
Your Savings on This Property
10675 Cliffrose, Highlands Ranch · 3.04% VA vs 6.5% conventional
$540
per month
$6,482
per year
$194,460
over 30 years
$195,528
interest saved
How gap financing works: The equity gap ($365,170) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,950, 5% of purchase price) and a second mortgage for the rest ($323,220 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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