Loan Comparison: 2.88% vs 6.5%
12961 Bridge View, Parker, CO 80134 · 4bd/4ba · $840,000
List Price
$840,000
Assumable Rate
2.88%
Remaining Balance
$673,699
Equity Gap
$160,250
Loan Type
VAAdjust Your Scenario
$42,000
$42,000$160,250
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,044/moAssumable @ 2.88% + gap loan
$3,706/moAssumed loan: $2,797/mo
Gap financing: $909/mo
$1,338less per month with the assumable
Your Savings on This Property
12961 Bridge View, Parker · 2.88% VA vs 6.5% conventional
$1,338
per month
$16,053
per year
$481,585
over 30 years
$475,534
interest saved
How gap financing works: The equity gap ($160,250) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,000, 5% of purchase price) and a second mortgage for the rest ($118,250 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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