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
$678,242
Equity Gap
$196,757
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$196,757
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 2.88% + gap loan
$3,992/moAssumed loan: $2,816/mo
Gap financing: $1,176/mo
$1,262less per month with the assumable
Your Savings on This Property
12961 Bridge View, Parker · 2.88% VA vs 6.5% conventional
$1,262
per month
$15,141
per year
$454,243
over 30 years
$454,242
interest saved
How gap financing works: The equity gap ($196,757) 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 ($153,007 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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