Loan Comparison: 6.35% vs 6.5%
16655 Ninebark Way, Parker, CO 80134 · 4bd/4ba · $509,500
List Price
$509,500
Assumable Rate
6.35%
Remaining Balance
$459,122
Equity Gap
$50,378
Loan Type
VAAdjust Your Scenario
$25,475
$25,475$50,378
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.35% (VA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,059/moAssumable @ 6.35% + gap loan
$3,031/moAssumed loan: $2,857/mo
Gap financing: $174/mo
$28less per month with the assumable
Your Savings on This Property
16655 Ninebark Way, Parker · 6.35% VA vs 6.5% conventional
$28
per month
$341
per year
$10,232
over 30 years
$10,232
interest saved
How gap financing works: The equity gap ($50,378) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,475, 5% of purchase price) and a second mortgage for the rest ($24,903 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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