Loan Comparison: 2.77% vs 6.5%
12040 Mosey Lane, Parker, CO 80138 · 2bd/1ba · $1,130,000
List Price
$1,130,000
Assumable Rate
2.77%
Remaining Balance
$712,203
Equity Gap
$417,797
Loan Type
VAAdjust Your Scenario
$56,500
$56,500$417,797
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,785/moAssumable @ 2.77% + gap loan
$5,441/moAssumed loan: $2,915/mo
Gap financing: $2,526/mo
$1,344less per month with the assumable
Your Savings on This Property
12040 Mosey Lane, Parker · 2.77% VA vs 6.5% conventional
$1,344
per month
$16,127
per year
$483,823
over 30 years
$483,823
interest saved
How gap financing works: The equity gap ($417,797) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($56,500, 5% of purchase price) and a second mortgage for the rest ($361,297 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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