Loan Comparison: 3.06% vs 6.5%
16221 White Hawk, Parker, CO 80134 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
3.06%
Remaining Balance
$389,734
Equity Gap
$130,266
Loan Type
VAAdjust Your Scenario
$26,000
$26,000$130,266
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.06% + gap loan
$2,457/moAssumed loan: $1,656/mo
Gap financing: $802/mo
$665less per month with the assumable
Your Savings on This Property
16221 White Hawk, Parker · 3.06% VA vs 6.5% conventional
$665
per month
$7,979
per year
$239,374
over 30 years
$239,374
interest saved
How gap financing works: The equity gap ($130,266) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($104,266 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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