Loan Comparison: 2.98% vs 6.5%
5354 Hospitality, Parker, CO 80134 · 4bd/4ba · $669,000
List Price
$669,000
Assumable Rate
2.98%
Remaining Balance
$331,429
Equity Gap
$337,570
Loan Type
VAAdjust Your Scenario
$33,450
$33,450$337,570
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 5.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,017/moAssumable @ 2.98% + gap loan
$3,732/moAssumed loan: $1,394/mo
Gap financing: $2,338/mo
$285less per month with the assumable
Your Savings on This Property
5354 Hospitality, Parker · 2.98% VA vs 6.5% conventional
$285
per month
$3,419
per year
$102,579
over 30 years
$102,578
interest saved
How gap financing works: The equity gap ($337,570) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,450, 5% of purchase price) and a second mortgage for the rest ($304,120 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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