Loan Comparison: 2.94% vs 6.5%
23869 Broadmoor Drive, Parker, CO 80138 · 4bd/3ba · $525,000
List Price
$525,000
Assumable Rate
2.94%
Remaining Balance
$313,594
Equity Gap
$211,406
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$211,406
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.94% + gap loan
$2,607/moAssumed loan: $1,312/mo
Gap financing: $1,295/mo
$546less per month with the assumable
Your Savings on This Property
23869 Broadmoor Drive, Parker · 2.94% VA vs 6.5% conventional
$546
per month
$6,550
per year
$196,489
over 30 years
$196,489
interest saved
How gap financing works: The equity gap ($211,406) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($185,156 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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