Loan Comparison: 3.23% vs 6.5%
11672 Laurel Lane, Parker, CO 80138 · 3bd/3ba · $600,000
List Price
$600,000
Assumable Rate
3.23%
Remaining Balance
$443,317
Equity Gap
$156,682
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$156,682
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.23% + gap loan
$2,810/moAssumed loan: $1,924/mo
Gap financing: $886/mo
$793less per month with the assumable
Your Savings on This Property
11672 Laurel Lane, Parker · 3.23% VA vs 6.5% conventional
$793
per month
$9,510
per year
$285,310
over 30 years
$285,309
interest saved
How gap financing works: The equity gap ($156,682) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($126,682 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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