Loan Comparison: 2.83% vs 6.5%
6808 Bethany, Parker, CO 80138 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
2.83%
Remaining Balance
$386,054
Equity Gap
$169,183
Loan Type
VAAdjust Your Scenario
$26,000
$26,000$169,183
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 2.83% + gap loan
$2,693/moAssumed loan: $1,592/mo
Gap financing: $1,101/mo
$429less per month with the assumable
Your Savings on This Property
6808 Bethany, Parker · 2.83% VA vs 6.5% conventional
$429
per month
$5,148
per year
$154,449
over 30 years
$189,686
interest saved
How gap financing works: The equity gap ($169,183) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($143,183 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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