Loan Comparison: 2.78% vs 6.5%
10727 Addison, Highlands Ranch, CO 80126 · 5bd/5ba · $950,000
List Price
$950,000
Assumable Rate
2.78%
Remaining Balance
$605,875
Equity Gap
$420,341
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$420,341
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.78% (VA)
Blended Rate: 4.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 2.78% + gap loan
$5,350/moAssumed loan: $2,483/mo
Gap financing: $2,867/mo
$355less per month with the assumable
Your Savings on This Property
10727 Addison, Highlands Ranch · 2.78% VA vs 6.5% conventional
$355
per month
$4,254
per year
$127,627
over 30 years
$203,843
interest saved
How gap financing works: The equity gap ($420,341) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($372,841 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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