Loan Comparison: 2.71% vs 6.5%
7988 Witney, Lone Tree, CO 80124 · 5bd/5ba · $1,325,000
List Price
$1,325,000
Assumable Rate
2.71%
Remaining Balance
$734,097
Equity Gap
$590,903
Loan Type
VAAdjust Your Scenario
$66,250
$66,250$590,903
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.71% (VA)
Blended Rate: 5.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,956/moAssumable @ 2.71% + gap loan
$7,015/moAssumed loan: $2,981/mo
Gap financing: $4,034/mo
$941less per month with the assumable
Your Savings on This Property
7988 Witney, Lone Tree · 2.71% VA vs 6.5% conventional
$941
per month
$11,288
per year
$338,642
over 30 years
$338,642
interest saved
How gap financing works: The equity gap ($590,903) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($66,250, 5% of purchase price) and a second mortgage for the rest ($524,653 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7988 Witney.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.