Loan Comparison: 2.79% vs 6.5%
12077 Wanderlust, Parker, CO 80138 · 4bd/4ba · $799,000
List Price
$799,000
Assumable Rate
2.79%
Remaining Balance
$492,758
Equity Gap
$304,005
Loan Type
VAAdjust Your Scenario
$39,950
$39,950$304,005
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.79% (VA)
Blended Rate: 4.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 2.79% + gap loan
$4,052/moAssumed loan: $2,022/mo
Gap financing: $2,030/mo
$745less per month with the assumable
Your Savings on This Property
12077 Wanderlust, Parker · 2.79% VA vs 6.5% conventional
$745
per month
$8,943
per year
$268,294
over 30 years
$266,057
interest saved
How gap financing works: The equity gap ($304,005) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($264,055 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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