Loan Comparison: 2.96% vs 6.5%
22199 Boundstone, Parker, CO 80138 · 6bd/5ba · $1,075,000
List Price
$1,075,000
Assumable Rate
2.96%
Remaining Balance
$339,518
Equity Gap
$735,481
Loan Type
VAAdjust Your Scenario
$53,750
$53,750$735,481
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 6.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,455/moAssumable @ 2.96% + gap loan
$6,666/moAssumed loan: $1,424/mo
Gap financing: $5,242/mo
Your Savings on This Property
22199 Boundstone, Parker · 2.96% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($735,481) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($53,750, 5% of purchase price) and a second mortgage for the rest ($681,731 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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