Loan Comparison: 2.79% vs 6.5%
12077 Wanderlust Way, Parker, CO 80138 · 5bd/3ba · $795,000
List Price
$795,000
Assumable Rate
2.79%
Remaining Balance
$491,636
Equity Gap
$303,363
Loan Type
VAAdjust Your Scenario
$39,750
$39,750$303,363
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 4.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,774/moAssumable @ 2.79% + gap loan
$3,861/moAssumed loan: $2,017/mo
Gap financing: $1,843/mo
$913less per month with the assumable
Your Savings on This Property
12077 Wanderlust Way, Parker · 2.79% VA vs 6.5% conventional
$913
per month
$10,956
per year
$328,673
over 30 years
$328,672
interest saved
How gap financing works: The equity gap ($303,363) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,750, 5% of purchase price) and a second mortgage for the rest ($263,613 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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