Loan Comparison: 3.45% vs 6.5%
18657 Stroh Road, Parker, CO 80134 · 2bd/3ba · $320,000
List Price
$320,000
Assumable Rate
3.45%
Remaining Balance
$98,047
Equity Gap
$221,953
Loan Type
VAAdjust Your Scenario
$16,000
$16,000$221,953
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 3.45% + gap loan
$1,878/moAssumed loan: $438/mo
Gap financing: $1,440/mo
$44less per month with the assumable
Your Savings on This Property
18657 Stroh Road, Parker · 3.45% VA vs 6.5% conventional
$44
per month
$527
per year
$15,801
over 30 years
$15,801
interest saved
How gap financing works: The equity gap ($221,953) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($205,953 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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