Loan Comparison: 4.22% vs 6.5%
8915 Mad River Road, Parker, CO 80134 · 3bd/3ba · $775,000
List Price
$775,000
Assumable Rate
4.22%
Remaining Balance
$402,651
Equity Gap
$372,348
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$372,348
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.22% (VA)
Blended Rate: 5.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 4.22% + gap loan
$4,306/moAssumed loan: $1,974/mo
Gap financing: $2,333/mo
$347less per month with the assumable
Your Savings on This Property
8915 Mad River Road, Parker · 4.22% VA vs 6.5% conventional
$347
per month
$4,168
per year
$125,028
over 30 years
$125,027
interest saved
How gap financing works: The equity gap ($372,348) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($333,598 at 7.5%). 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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