Loan Comparison: 2.96% vs 6.5%
15550 Flower Mound, Parker, CO 80134 · 4bd/4ba · $779,000
List Price
$779,000
Assumable Rate
2.96%
Remaining Balance
$424,472
Equity Gap
$353,586
Loan Type
VAAdjust Your Scenario
$38,950
$38,950$353,586
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,678/moAssumable @ 2.96% + gap loan
$4,200/moAssumed loan: $1,780/mo
Gap financing: $2,419/mo
$478less per month with the assumable
Your Savings on This Property
15550 Flower Mound, Parker · 2.96% VA vs 6.5% conventional
$478
per month
$5,735
per year
$172,042
over 30 years
$171,100
interest saved
How gap financing works: The equity gap ($353,586) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,950, 5% of purchase price) and a second mortgage for the rest ($314,636 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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