Loan Comparison: 2.99% vs 6.5%
9318 Las Ramblas Court, Parker, CO 80134 · 2bd/2ba · $354,990
List Price
$354,990
Assumable Rate
2.99%
Remaining Balance
$337,210
Equity Gap
$17,780
Loan Type
VAAdjust Your Scenario
$17,750
$17,750$17,780
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 2.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,132/moAssumable @ 2.99% + gap loan
$1,420/moAssumed loan: $1,420/mo
Gap financing: $0/mo
$712less per month with the assumable
Your Savings on This Property
9318 Las Ramblas Court, Parker · 2.99% VA vs 6.5% conventional
$712
per month
$8,538
per year
$256,142
over 30 years
$256,142
interest saved
How gap financing works: The equity gap ($17,780) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,750, 5% of purchase price) and a second mortgage for the rest ($30 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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