Loan Comparison: 2.81% vs 6.5%
17185 Cedar Gulch Drive, Parker, CO 80122 · 4bd/3ba · $525,000
List Price
$525,000
Assumable Rate
2.81%
Remaining Balance
$179,942
Equity Gap
$345,058
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$345,058
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.81% + gap loan
$2,969/moAssumed loan: $740/mo
Gap financing: $2,229/mo
$183less per month with the assumable
Your Savings on This Property
17185 Cedar Gulch Drive, Parker · 2.81% VA vs 6.5% conventional
$183
per month
$2,196
per year
$65,865
over 30 years
$65,865
interest saved
How gap financing works: The equity gap ($345,058) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($318,808 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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