Loan Comparison: 4.22% vs 6.5%
8915 Mad River, Parker, CO 80134 · 5bd/4ba · $785,000
List Price
$785,000
Assumable Rate
4.22%
Remaining Balance
$405,635
Equity Gap
$376,412
Loan Type
VAAdjust Your Scenario
$39,250
$39,250$376,412
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.22% (VA)
Blended Rate: 6.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,714/moAssumable @ 4.22% + gap loan
$4,581/moAssumed loan: $1,988/mo
Gap financing: $2,592/mo
$133less per month with the assumable
Your Savings on This Property
8915 Mad River, Parker · 4.22% VA vs 6.5% conventional
$133
per month
$1,594
per year
$47,808
over 30 years
$44,855
interest saved
How gap financing works: The equity gap ($376,412) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,250, 5% of purchase price) and a second mortgage for the rest ($337,162 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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