Loan Comparison: 2.9% vs 6.5%
16604 Hollow Horn Avenue, Parker, CO 80134 · 3bd/3ba · $564,900
List Price
$564,900
Assumable Rate
2.9%
Remaining Balance
$461,990
Equity Gap
$102,909
Loan Type
VAAdjust Your Scenario
$28,245
$28,245$102,909
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,392/moAssumable @ 2.9% + gap loan
$2,445/moAssumed loan: $1,923/mo
Gap financing: $522/mo
$947less per month with the assumable
Your Savings on This Property
16604 Hollow Horn Avenue, Parker · 2.9% VA vs 6.5% conventional
$947
per month
$11,364
per year
$340,928
over 30 years
$340,927
interest saved
How gap financing works: The equity gap ($102,909) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,245, 5% of purchase price) and a second mortgage for the rest ($74,664 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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