Loan Comparison: 3.23% vs 6.5%
4695 Parfet, Wheat Ridge, CO 80033 · 2bd/1ba · $579,000
List Price
$579,000
Assumable Rate
3.23%
Remaining Balance
$376,057
Equity Gap
$202,104
Loan Type
VAAdjust Your Scenario
$28,950
$28,950$202,104
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,477/moAssumable @ 3.23% + gap loan
$2,964/moAssumed loan: $1,632/mo
Gap financing: $1,331/mo
$513less per month with the assumable
Your Savings on This Property
4695 Parfet, Wheat Ridge · 3.23% VA vs 6.5% conventional
$513
per month
$6,153
per year
$184,603
over 30 years
$183,764
interest saved
How gap financing works: The equity gap ($202,104) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,950, 5% of purchase price) and a second mortgage for the rest ($173,154 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.
🏠
Back to This Listing
View photos, details, and request a showing for 4695 Parfet.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.