Loan Comparison: 2.68% vs 6.5%
12097 Desert Hills Street, Parker, CO 80138 · 4bd/3ba · $654,987
List Price
$654,987
Assumable Rate
2.68%
Remaining Balance
$382,042
Equity Gap
$272,944
Loan Type
VAAdjust Your Scenario
$32,749
$32,749$272,944
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,933/moAssumable @ 2.68% + gap loan
$3,225/moAssumed loan: $1,546/mo
Gap financing: $1,679/mo
$708less per month with the assumable
Your Savings on This Property
12097 Desert Hills Street, Parker · 2.68% VA vs 6.5% conventional
$708
per month
$8,496
per year
$254,867
over 30 years
$254,866
interest saved
How gap financing works: The equity gap ($272,944) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,749, 5% of purchase price) and a second mortgage for the rest ($240,195 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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