Loan Comparison: 2.98% vs 6.5%
15690 Indian Brook, Parker, CO 80134 · 4bd/4ba · $799,900
List Price
$799,900
Assumable Rate
2.98%
Remaining Balance
$644,688
Equity Gap
$307,212
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$307,212
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 4.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 2.98% + gap loan
$4,766/moAssumed loan: $2,711/mo
Gap financing: $2,055/mo
$37less per month with the assumable
Your Savings on This Property
15690 Indian Brook, Parker · 2.98% VA vs 6.5% conventional
$37
per month
$448
per year
$13,452
over 30 years
$165,452
interest saved
How gap financing works: The equity gap ($307,212) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($267,217 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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