Loan Comparison: 3.75% vs 6.5%
15657 Greenstone, Parker, CO 80134 · 4bd/3ba · $715,000
List Price
$715,000
Assumable Rate
3.75%
Remaining Balance
$631,771
Equity Gap
$85,582
Loan Type
VAAdjust Your Scenario
$35,750
$35,750$85,582
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,293/moAssumable @ 3.75% + gap loan
$3,309/moAssumed loan: $2,926/mo
Gap financing: $383/mo
$984less per month with the assumable
Your Savings on This Property
15657 Greenstone, Parker · 3.75% VA vs 6.5% conventional
$984
per month
$11,812
per year
$354,358
over 30 years
$356,711
interest saved
How gap financing works: The equity gap ($85,582) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,750, 5% of purchase price) and a second mortgage for the rest ($49,832 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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