Loan Comparison: 2.75% vs 6.5%
11959 Riverstone, Henderson, CO 80640 · 3bd/3ba · $359,000
List Price
$359,000
Assumable Rate
2.75%
Remaining Balance
$164,407
Equity Gap
$195,134
Loan Type
VAAdjust Your Scenario
$17,950
$17,950$195,134
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 5.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,156/moAssumable @ 2.75% + gap loan
$2,034/moAssumed loan: $671/mo
Gap financing: $1,362/mo
$122less per month with the assumable
Your Savings on This Property
11959 Riverstone, Henderson · 2.75% VA vs 6.5% conventional
$122
per month
$1,465
per year
$43,956
over 30 years
$44,497
interest saved
How gap financing works: The equity gap ($195,134) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,950, 5% of purchase price) and a second mortgage for the rest ($177,184 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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