Loan Comparison: 2.68% vs 6.5%
12097 Desert Hills, Parker, CO 80138 · 3bd/3ba · $664,466
List Price
$664,466
Assumable Rate
2.68%
Remaining Balance
$383,860
Equity Gap
$279,699
Loan Type
VAAdjust Your Scenario
$33,223
$33,223$279,699
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,990/moAssumable @ 2.68% + gap loan
$3,448/moAssumed loan: $1,553/mo
Gap financing: $1,895/mo
$542less per month with the assumable
Your Savings on This Property
12097 Desert Hills, Parker · 2.68% VA vs 6.5% conventional
$542
per month
$6,502
per year
$195,054
over 30 years
$194,148
interest saved
How gap financing works: The equity gap ($279,699) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,223, 5% of purchase price) and a second mortgage for the rest ($246,476 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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