Loan Comparison: 2.86% vs 6.5%
11446 Canterberry, Parker, CO 80138 · 5bd/5ba · $785,000
List Price
$785,000
Assumable Rate
2.86%
Remaining Balance
$590,593
Equity Gap
$191,765
Loan Type
VAAdjust Your Scenario
$39,250
$39,250$191,765
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.86% (VA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,714/moAssumable @ 2.86% + gap loan
$3,618/moAssumed loan: $2,446/mo
Gap financing: $1,173/mo
$1,095less per month with the assumable
Your Savings on This Property
11446 Canterberry, Parker · 2.86% VA vs 6.5% conventional
$1,095
per month
$13,144
per year
$394,324
over 30 years
$391,682
interest saved
How gap financing works: The equity gap ($191,765) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,250, 5% of purchase price) and a second mortgage for the rest ($152,515 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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