Loan Comparison: 2.75% vs 6.5%
11959 Riverstone, Henderson, CO 80640 · 3bd/3ba · $354,900
List Price
$354,900
Assumable Rate
2.75%
Remaining Balance
$163,324
Equity Gap
$191,034
Loan Type
VAAdjust Your Scenario
$17,745
$17,745$191,034
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 5.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,131/moAssumable @ 2.75% + gap loan
$1,999/moAssumed loan: $667/mo
Gap financing: $1,332/mo
$132less per month with the assumable
Your Savings on This Property
11959 Riverstone, Henderson · 2.75% VA vs 6.5% conventional
$132
per month
$1,582
per year
$47,466
over 30 years
$46,924
interest saved
How gap financing works: The equity gap ($191,034) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,745, 5% of purchase price) and a second mortgage for the rest ($173,289 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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