Loan Comparison: 2.31% vs 6.5%
21504 Omaha, Parker, CO 80138 · 4bd/3ba · $610,000
List Price
$610,000
Assumable Rate
2.31%
Remaining Balance
$285,753
Equity Gap
$324,247
Loan Type
VAAdjust Your Scenario
$30,500
$30,500$324,247
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.31% (VA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,663/moAssumable @ 2.31% + gap loan
$3,360/moAssumed loan: $1,101/mo
Gap financing: $2,259/mo
$303less per month with the assumable
Your Savings on This Property
21504 Omaha, Parker · 2.31% VA vs 6.5% conventional
$303
per month
$3,638
per year
$109,126
over 30 years
$109,126
interest saved
How gap financing works: The equity gap ($324,247) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,500, 5% of purchase price) and a second mortgage for the rest ($293,747 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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