Loan Comparison: 5.51% vs 6.5%
10318 Severance, Parker, CO 80134 · 4bd/4ba · $565,400
List Price
$565,400
Assumable Rate
5.51%
Remaining Balance
$0
Equity Gap
$625,210
Loan Type
VAAdjust Your Scenario
$28,270
$28,270$625,210
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.51% (VA)
Blended Rate: 8.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,395/moAssumable @ 5.51% + gap loan
$4,590/moAssumed loan: $0/mo
Gap financing: $4,590/mo
Your Savings on This Property
10318 Severance, Parker · 5.51% 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 ($625,210) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,270, 5% of purchase price) and a second mortgage for the rest ($596,940 at 8.5%). 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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