Loan Comparison: 4.22% vs 6.5%
8915 Mad River, Parker, CO 80134 · 5bd/4ba · $795,000
List Price
$795,000
Assumable Rate
4.22%
Remaining Balance
$407,607
Equity Gap
$386,412
Loan Type
VAAdjust Your Scenario
$39,750
$39,750$386,412
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.22% (VA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,774/moAssumable @ 4.22% + gap loan
$4,664/moAssumed loan: $1,998/mo
Gap financing: $2,666/mo
$110less per month with the assumable
Your Savings on This Property
8915 Mad River, Parker · 4.22% VA vs 6.5% conventional
$110
per month
$1,322
per year
$39,648
over 30 years
$38,667
interest saved
How gap financing works: The equity gap ($386,412) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,750, 5% of purchase price) and a second mortgage for the rest ($346,662 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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