Loan Comparison: 3.75% vs 6.5%
10894 Willow Reed, Parker, CO 80134 · 5bd/3ba · $750,000
List Price
$750,000
Assumable Rate
3.75%
Remaining Balance
$635,816
Equity Gap
$114,184
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$114,184
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.75% + gap loan
$3,534/moAssumed loan: $2,945/mo
Gap financing: $590/mo
$969less per month with the assumable
Your Savings on This Property
10894 Willow Reed, Parker · 3.75% VA vs 6.5% conventional
$969
per month
$11,631
per year
$348,944
over 30 years
$348,944
interest saved
How gap financing works: The equity gap ($114,184) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($76,684 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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