Loan Comparison: 3.75% vs 6.5%
10894 Willow Reed, Parker, CO 80134 · 5bd/3ba · $675,000
List Price
$675,000
Assumable Rate
3.75%
Remaining Balance
$632,240
Equity Gap
$39,184
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$39,184
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.75% + gap loan
$2,970/moAssumed loan: $2,928/mo
Gap financing: $42/mo
$1,083less per month with the assumable
Your Savings on This Property
10894 Willow Reed, Parker · 3.75% VA vs 6.5% conventional
$1,083
per month
$13,000
per year
$390,007
over 30 years
$386,431
interest saved
How gap financing works: The equity gap ($39,184) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($5,434 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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