Loan Comparison: 3.09% vs 6.5%
6138 Long Branch Drive, Parker, CO 80134 · 3bd/3ba · $969,900
List Price
$969,900
Assumable Rate
3.09%
Remaining Balance
$647,620
Equity Gap
$322,280
Loan Type
VAAdjust Your Scenario
$48,495
$48,495$322,280
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (VA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,824/moAssumable @ 3.09% + gap loan
$4,676/moAssumed loan: $2,762/mo
Gap financing: $1,914/mo
$1,148less per month with the assumable
Your Savings on This Property
6138 Long Branch Drive, Parker · 3.09% VA vs 6.5% conventional
$1,148
per month
$13,772
per year
$413,148
over 30 years
$413,148
interest saved
How gap financing works: The equity gap ($322,280) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,495, 5% of purchase price) and a second mortgage for the rest ($273,785 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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