Loan Comparison: 5.22% vs 6.5%
8962 Larose, Parker, CO 80134 · 3bd/3ba · $590,000
List Price
$590,000
Assumable Rate
5.22%
Remaining Balance
$555,910
Equity Gap
$34,090
Loan Type
VAAdjust Your Scenario
$29,500
$29,500$34,090
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (VA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,543/moAssumable @ 5.22% + gap loan
$3,095/moAssumed loan: $3,059/mo
Gap financing: $35/mo
$448less per month with the assumable
Your Savings on This Property
8962 Larose, Parker · 5.22% VA vs 6.5% conventional
$448
per month
$5,376
per year
$161,285
over 30 years
$161,285
interest saved
How gap financing works: The equity gap ($34,090) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,500, 5% of purchase price) and a second mortgage for the rest ($4,590 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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