Loan Comparison: 2.8% vs 6.5%
8103 Saguaro Ridge Road, Parker, CO 80138 · 5bd/5ba · $999,000
List Price
$999,000
Assumable Rate
2.8%
Remaining Balance
$624,498
Equity Gap
$374,502
Loan Type
VAAdjust Your Scenario
$49,950
$49,950$374,502
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (VA)
Blended Rate: 4.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,999/moAssumable @ 2.8% + gap loan
$4,835/moAssumed loan: $2,566/mo
Gap financing: $2,269/mo
$1,163less per month with the assumable
Your Savings on This Property
8103 Saguaro Ridge Road, Parker · 2.8% VA vs 6.5% conventional
$1,163
per month
$13,960
per year
$418,788
over 30 years
$418,788
interest saved
How gap financing works: The equity gap ($374,502) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,950, 5% of purchase price) and a second mortgage for the rest ($324,552 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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