Loan Comparison: 4.22% vs 6.5%
8915 Mad River, Parker, CO 80134 · 5bd/4ba · $775,000
List Price
$775,000
Assumable Rate
4.22%
Remaining Balance
$403,649
Equity Gap
$366,412
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$366,412
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.22% (VA)
Blended Rate: 6.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 4.22% + gap loan
$4,498/moAssumed loan: $1,979/mo
Gap financing: $2,519/mo
$156less per month with the assumable
Your Savings on This Property
8915 Mad River, Parker · 4.22% VA vs 6.5% conventional
$156
per month
$1,866
per year
$55,993
over 30 years
$51,054
interest saved
How gap financing works: The equity gap ($366,412) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($327,662 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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