Loan Comparison: 4.92% vs 6.5%
9642 Millstone, Highlands Ranch, CO 80130 · 4bd/4ba · $795,000
List Price
$795,000
Assumable Rate
4.92%
Remaining Balance
$631,162
Equity Gap
$162,863
Loan Type
VAAdjust Your Scenario
$39,750
$39,750$162,863
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.92% (VA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,774/moAssumable @ 4.92% + gap loan
$4,304/moAssumed loan: $3,357/mo
Gap financing: $947/mo
$470less per month with the assumable
Your Savings on This Property
9642 Millstone, Highlands Ranch · 4.92% VA vs 6.5% conventional
$470
per month
$5,636
per year
$169,070
over 30 years
$168,095
interest saved
How gap financing works: The equity gap ($162,863) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,750, 5% of purchase price) and a second mortgage for the rest ($123,113 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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