Loan Comparison: 3.27% vs 6.5%
8587 Thunderbird, Parker, CO 80134 · 5bd/4ba · $825,000
List Price
$825,000
Assumable Rate
3.27%
Remaining Balance
$498,132
Equity Gap
$326,868
Loan Type
VAAdjust Your Scenario
$41,250
$41,250$326,868
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 3.27% + gap loan
$4,370/moAssumed loan: $2,173/mo
Gap financing: $2,196/mo
$584less per month with the assumable
Your Savings on This Property
8587 Thunderbird, Parker · 3.27% VA vs 6.5% conventional
$584
per month
$7,012
per year
$210,350
over 30 years
$210,350
interest saved
How gap financing works: The equity gap ($326,868) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($285,618 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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