Loan Comparison: 3.06% vs 6.5%
11580 Terrawood, Parker, CO 80134 · 6bd/4ba · $780,000
List Price
$780,000
Assumable Rate
3.06%
Remaining Balance
$211,950
Equity Gap
$568,972
Loan Type
VAAdjust Your Scenario
$39,000
$39,000$568,972
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 6.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,684/moAssumable @ 3.06% + gap loan
$4,975/moAssumed loan: $900/mo
Gap financing: $4,075/mo
Your Savings on This Property
11580 Terrawood, Parker · 3.06% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($568,972) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,000, 5% of purchase price) and a second mortgage for the rest ($529,972 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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