Loan Comparison: 2.94% vs 6.5%
6541 Alpine, Parker, CO 80134 · 3bd/3ba · $899,999
List Price
$899,999
Assumable Rate
2.94%
Remaining Balance
$755,038
Equity Gap
$144,960
Loan Type
VAAdjust Your Scenario
$45,000
$45,000$144,960
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 3.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 2.94% + gap loan
$3,927/moAssumed loan: $3,159/mo
Gap financing: $769/mo
$1,477less per month with the assumable
Your Savings on This Property
6541 Alpine, Parker · 2.94% VA vs 6.5% conventional
$1,477
per month
$17,720
per year
$531,605
over 30 years
$531,604
interest saved
How gap financing works: The equity gap ($144,960) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,000, 5% of purchase price) and a second mortgage for the rest ($99,960 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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