Loan Comparison: 2.88% vs 6.5%
12961 Bridge View, Parker, CO 80134 · 4bd/4ba · $850,000
List Price
$850,000
Assumable Rate
2.88%
Remaining Balance
$676,731
Equity Gap
$170,250
Loan Type
VAAdjust Your Scenario
$42,500
$42,500$170,250
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,104/moAssumable @ 2.88% + gap loan
$3,792/moAssumed loan: $2,810/mo
Gap financing: $982/mo
$1,312less per month with the assumable
Your Savings on This Property
12961 Bridge View, Parker · 2.88% VA vs 6.5% conventional
$1,312
per month
$15,746
per year
$472,373
over 30 years
$469,354
interest saved
How gap financing works: The equity gap ($170,250) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,500, 5% of purchase price) and a second mortgage for the rest ($127,750 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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