Loan Comparison: 2.89% vs 6.5%
21862 Whirlaway, Parker, CO 80138 · 3bd/3ba · $650,000
List Price
$650,000
Assumable Rate
2.89%
Remaining Balance
$461,989
Equity Gap
$248,866
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$248,866
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 4.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.89% + gap loan
$3,584/moAssumed loan: $1,920/mo
Gap financing: $1,664/mo
$319less per month with the assumable
Your Savings on This Property
21862 Whirlaway, Parker · 2.89% VA vs 6.5% conventional
$319
per month
$3,827
per year
$114,800
over 30 years
$175,655
interest saved
How gap financing works: The equity gap ($248,866) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($216,366 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.
🏠
Back to This Listing
View photos, details, and request a showing for 21862 Whirlaway.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.