Loan Comparison: 3.31% vs 6.5%
19089 Molly, Parker, CO 80134 · 3bd/3ba · $525,000
List Price
$525,000
Assumable Rate
3.31%
Remaining Balance
$346,874
Equity Gap
$179,670
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$179,670
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 4.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.31% + gap loan
$2,701/moAssumed loan: $1,521/mo
Gap financing: $1,180/mo
$452less per month with the assumable
Your Savings on This Property
19089 Molly, Parker · 3.31% VA vs 6.5% conventional
$452
per month
$5,421
per year
$162,615
over 30 years
$164,159
interest saved
How gap financing works: The equity gap ($179,670) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($153,420 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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