Loan Comparison: 2.9% vs 6.5%
21635 Whirlaway, Parker, CO 80138 · 3bd/4ba · $775,000
List Price
$775,000
Assumable Rate
2.9%
Remaining Balance
$708,056
Equity Gap
$66,943
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$66,943
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.9% + gap loan
$3,164/moAssumed loan: $2,947/mo
Gap financing: $217/mo
$1,490less per month with the assumable
Your Savings on This Property
21635 Whirlaway, Parker · 2.9% VA vs 6.5% conventional
$1,490
per month
$17,876
per year
$536,285
over 30 years
$536,284
interest saved
How gap financing works: The equity gap ($66,943) 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 ($28,193 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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