Loan Comparison: 3% vs 6.5%
19135 Custer, Parker, CO 80134 · 4bd/3ba · $667,500
List Price
$667,500
Assumable Rate
3%
Remaining Balance
$535,584
Equity Gap
$131,915
Loan Type
VAAdjust Your Scenario
$33,375
$33,375$131,915
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3% (VA)
Blended Rate: 3.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,008/moAssumable @ 3% + gap loan
$3,016/moAssumed loan: $2,258/mo
Gap financing: $758/mo
$992less per month with the assumable
Your Savings on This Property
19135 Custer, Parker · 3% VA vs 6.5% conventional
$992
per month
$11,908
per year
$357,253
over 30 years
$357,252
interest saved
How gap financing works: The equity gap ($131,915) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,375, 5% of purchase price) and a second mortgage for the rest ($98,540 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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