Loan Comparison: 3.03% vs 6.5%
18160 Weymouth Avenue, Parker, CO 80014 · 2bd/3ba · $599,000
List Price
$599,000
Assumable Rate
3.03%
Remaining Balance
$411,122
Equity Gap
$187,877
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$187,877
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.03% (VA)
Blended Rate: 4.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 3.03% + gap loan
$2,844/moAssumed loan: $1,740/mo
Gap financing: $1,104/mo
$753less per month with the assumable
Your Savings on This Property
18160 Weymouth Avenue, Parker · 3.03% VA vs 6.5% conventional
$753
per month
$9,031
per year
$270,925
over 30 years
$270,924
interest saved
How gap financing works: The equity gap ($187,877) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($157,927 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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