Loan Comparison: 2.48% vs 6.5%
8457 Gambel Oak, Parker, CO 80134 · 3bd/1ba · $475,000
List Price
$475,000
Assumable Rate
2.48%
Remaining Balance
$268,893
Equity Gap
$207,422
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$207,422
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.48% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 2.48% + gap loan
$2,472/moAssumed loan: $1,060/mo
Gap financing: $1,412/mo
$380less per month with the assumable
Your Savings on This Property
8457 Gambel Oak, Parker · 2.48% VA vs 6.5% conventional
$380
per month
$4,563
per year
$136,897
over 30 years
$138,212
interest saved
How gap financing works: The equity gap ($207,422) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($183,672 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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