Loan Comparison: 3.05% vs 6.5%
14290 Hop Clover, Parker, CO 80134 · 5bd/5ba · $900,000
List Price
$900,000
Assumable Rate
3.05%
Remaining Balance
$662,197
Equity Gap
$236,386
Loan Type
VAAdjust Your Scenario
$45,000
$45,000$236,386
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.05% (VA)
Blended Rate: 4.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 3.05% + gap loan
$4,281/moAssumed loan: $2,810/mo
Gap financing: $1,472/mo
$1,123less per month with the assumable
Your Savings on This Property
14290 Hop Clover, Parker · 3.05% VA vs 6.5% conventional
$1,123
per month
$13,474
per year
$404,226
over 30 years
$402,809
interest saved
How gap financing works: The equity gap ($236,386) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,000, 5% of purchase price) and a second mortgage for the rest ($191,386 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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