Loan Comparison: 3.23% vs 6.5%
4695 Parfet, Wheat Ridge, CO 80033 · 2bd/1ba · $559,000
List Price
$559,000
Assumable Rate
3.23%
Remaining Balance
$375,216
Equity Gap
$182,104
Loan Type
VAAdjust Your Scenario
$27,950
$27,950$182,104
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,357/moAssumable @ 3.23% + gap loan
$2,814/moAssumed loan: $1,629/mo
Gap financing: $1,185/mo
$542less per month with the assumable
Your Savings on This Property
4695 Parfet, Wheat Ridge · 3.23% VA vs 6.5% conventional
$542
per month
$6,509
per year
$195,278
over 30 years
$193,598
interest saved
How gap financing works: The equity gap ($182,104) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,950, 5% of purchase price) and a second mortgage for the rest ($154,154 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.
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