Loan Comparison: 2.9% vs 6.5%
16893 Boreas Court, Parker, CO 80134 · 4bd/4ba · $775,000
List Price
$775,000
Assumable Rate
2.9%
Remaining Balance
$531,227
Equity Gap
$243,772
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$243,772
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.9% + gap loan
$3,645/moAssumed loan: $2,211/mo
Gap financing: $1,434/mo
$1,009less per month with the assumable
Your Savings on This Property
16893 Boreas Court, Parker · 2.9% VA vs 6.5% conventional
$1,009
per month
$12,107
per year
$363,215
over 30 years
$363,214
interest saved
How gap financing works: The equity gap ($243,772) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($205,022 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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