Loan Comparison: 4.37% vs 6.5%
16600 Las Ramblas, Parker, CO 80134 · 1bd/1ba · $275,000
List Price
$275,000
Assumable Rate
4.37%
Remaining Balance
$207,025
Equity Gap
$67,117
Loan Type
VAAdjust Your Scenario
$13,750
$13,750$67,117
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (VA)
Blended Rate: 5.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 4.37% + gap loan
$1,443/moAssumed loan: $1,033/mo
Gap financing: $410/mo
$208less per month with the assumable
Your Savings on This Property
16600 Las Ramblas, Parker · 4.37% VA vs 6.5% conventional
$208
per month
$2,495
per year
$74,843
over 30 years
$73,985
interest saved
How gap financing works: The equity gap ($67,117) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,750, 5% of purchase price) and a second mortgage for the rest ($53,367 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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