Loan Comparison: 5.98% vs 6.5%
607 Meadow Station, Parker, CO 80138 · 3bd/3ba · $935,000
List Price
$935,000
Assumable Rate
5.98%
Remaining Balance
$872,123
Equity Gap
$62,876
Loan Type
VAAdjust Your Scenario
$46,750
$46,750$62,876
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.98% (VA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,614/moAssumable @ 5.98% + gap loan
$5,342/moAssumed loan: $5,218/mo
Gap financing: $124/mo
$273less per month with the assumable
Your Savings on This Property
607 Meadow Station, Parker · 5.98% VA vs 6.5% conventional
$273
per month
$3,273
per year
$98,186
over 30 years
$98,185
interest saved
How gap financing works: The equity gap ($62,876) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,750, 5% of purchase price) and a second mortgage for the rest ($16,126 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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