Loan Comparison: 2.83% vs 6.5%
15668 Indian Brook, Parker, CO 80134 · 5bd/5ba · $874,900
List Price
$874,900
Assumable Rate
2.83%
Remaining Balance
$432,900
Equity Gap
$439,005
Loan Type
VAAdjust Your Scenario
$43,745
$43,745$439,005
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,253/moAssumable @ 2.83% + gap loan
$4,825/moAssumed loan: $1,786/mo
Gap financing: $3,039/mo
$429less per month with the assumable
Your Savings on This Property
15668 Indian Brook, Parker · 2.83% VA vs 6.5% conventional
$429
per month
$5,143
per year
$154,290
over 30 years
$151,295
interest saved
How gap financing works: The equity gap ($439,005) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,745, 5% of purchase price) and a second mortgage for the rest ($395,260 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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