Loan Comparison: 6.72% vs 6.5%
17911 Dandy Brush Lane, Parker, CO 80134 ยท 6bd/5ba ยท $665,000
List Price
$665,000
Assumable Rate
6.72%
Remaining Balance
$546,105
Equity Gap
$118,894
Loan Type
VAAdjust Your Scenario
$33,250
$33,250$118,894
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.72% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,993/moAssumable @ 6.72% + gap loan
$4,130/moAssumed loan: $3,531/mo
Gap financing: $599/mo
Your Savings on This Property
17911 Dandy Brush Lane, Parker ยท 6.72% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($118,894) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,250, 5% of purchase price) and a second mortgage for the rest ($85,644 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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