Loan Comparison: 2.83% vs 6.5%
15668 Indian Brook, Parker, CO 80134 · 5bd/5ba · $999,999
List Price
$999,999
Assumable Rate
2.83%
Remaining Balance
$434,899
Equity Gap
$565,100
Loan Type
VAAdjust Your Scenario
$50,000
$50,000$565,100
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 5.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 2.83% + gap loan
$5,755/moAssumed loan: $1,794/mo
Gap financing: $3,961/mo
$250less per month with the assumable
Your Savings on This Property
15668 Indian Brook, Parker · 2.83% VA vs 6.5% conventional
$250
per month
$3,001
per year
$90,017
over 30 years
$90,017
interest saved
How gap financing works: The equity gap ($565,100) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($515,100 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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