Loan Comparison: 6.95% vs 6.5%
16745 Trail Sky Circle, Parker, CO 80134 · 3bd/3ba · $629,000
List Price
$629,000
Assumable Rate
6.95%
Remaining Balance
$533,951
Equity Gap
$95,048
Loan Type
VAAdjust Your Scenario
$31,450
$31,450$95,048
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.95% (VA)
Blended Rate: 7.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,777/moAssumable @ 6.95% + gap loan
$3,979/moAssumed loan: $3,534/mo
Gap financing: $445/mo
Your Savings on This Property
16745 Trail Sky Circle, Parker · 6.95% 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 ($95,048) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,450, 5% of purchase price) and a second mortgage for the rest ($63,598 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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