Loan Comparison: 2.88% vs 6.5%
12961 Bridge View, Parker, CO 80134 · 4bd/4ba · $875,000
List Price
$875,000
Assumable Rate
2.88%
Remaining Balance
$679,749
Equity Gap
$195,250
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$195,250
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 2.88% + gap loan
$3,987/moAssumed loan: $2,822/mo
Gap financing: $1,165/mo
$1,267less per month with the assumable
Your Savings on This Property
12961 Bridge View, Parker · 2.88% VA vs 6.5% conventional
$1,267
per month
$15,205
per year
$456,162
over 30 years
$456,161
interest saved
How gap financing works: The equity gap ($195,250) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($151,500 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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