Loan Comparison: 2.77% vs 6.5%
12040 Mosey, Parker, CO 80138 · 4bd/0ba · $1,150,000
List Price
$1,150,000
Assumable Rate
2.77%
Remaining Balance
$715,567
Equity Gap
$434,433
Loan Type
VAAdjust Your Scenario
$57,500
$57,500$434,433
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,905/moAssumable @ 2.77% + gap loan
$5,827/moAssumed loan: $2,929/mo
Gap financing: $2,898/mo
$1,078less per month with the assumable
Your Savings on This Property
12040 Mosey, Parker · 2.77% VA vs 6.5% conventional
$1,078
per month
$12,939
per year
$388,163
over 30 years
$388,163
interest saved
How gap financing works: The equity gap ($434,433) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($57,500, 5% of purchase price) and a second mortgage for the rest ($376,933 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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