Loan Comparison: 2.68% vs 6.5%
10246 Spotted Owl, Highlands Ranch, CO 80129 · 4bd/4ba · $650,000
List Price
$650,000
Assumable Rate
2.68%
Remaining Balance
$487,112
Equity Gap
$295,052
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$295,052
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.68% + gap loan
$3,989/moAssumed loan: $1,971/mo
Gap financing: $2,019/mo
Your Savings on This Property
10246 Spotted Owl, Highlands Ranch · 2.68% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$101,076
interest saved
How gap financing works: The equity gap ($295,052) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($262,552 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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