Loan Comparison: 3.51% vs 6.5%
8422 Gopher, Parker, CO 80134 · 4bd/4ba · $1,630,000
List Price
$1,630,000
Assumable Rate
3.51%
Remaining Balance
$1,335,773
Equity Gap
$294,227
Loan Type
VAAdjust Your Scenario
$81,500
$81,500$294,227
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.51% (VA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,788/moAssumable @ 3.51% + gap loan
$7,641/moAssumed loan: $6,006/mo
Gap financing: $1,636/mo
$2,146less per month with the assumable
Your Savings on This Property
8422 Gopher, Parker · 3.51% VA vs 6.5% conventional
$2,146
per month
$25,755
per year
$772,636
over 30 years
$772,636
interest saved
How gap financing works: The equity gap ($294,227) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($81,500, 5% of purchase price) and a second mortgage for the rest ($212,727 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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