Loan Comparison: 5.51% vs 6.5%
10318 Severance, Parker, CO 80134 · 4bd/4ba · $535,000
List Price
$535,000
Assumable Rate
5.51%
Remaining Balance
$0
Equity Gap
$601,571
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$601,571
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%
$3,212/moAssumable @ 5.51% + gap loan
$4,420/moAssumed loan: $0/mo
Gap financing: $4,420/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 ($601,571) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($574,821 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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