Loan Comparison: 2.83% vs 6.5%
10835 Hickory Ridge, Highlands Ranch, CO 80126 · 4bd/3ba · $875,000
List Price
$875,000
Assumable Rate
2.83%
Remaining Balance
$334,122
Equity Gap
$540,878
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$540,878
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 6.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 2.83% + gap loan
$5,201/moAssumed loan: $1,378/mo
Gap financing: $3,822/mo
$53less per month with the assumable
Your Savings on This Property
10835 Hickory Ridge, Highlands Ranch · 2.83% VA vs 6.5% conventional
$53
per month
$640
per year
$19,209
over 30 years
$19,209
interest saved
How gap financing works: The equity gap ($540,878) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($497,128 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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