Loan Comparison: 5.56% vs 6.5%
16809 Desert Wine, Parker, CO 80134 · 5bd/4ba · $735,000
List Price
$735,000
Assumable Rate
5.56%
Remaining Balance
$688,713
Equity Gap
$47,240
Loan Type
VAAdjust Your Scenario
$36,750
$36,750$47,240
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.56% (VA)
Blended Rate: 5.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,413/moAssumable @ 5.56% + gap loan
$4,017/moAssumed loan: $3,936/mo
Gap financing: $81/mo
$396less per month with the assumable
Your Savings on This Property
16809 Desert Wine, Parker · 5.56% VA vs 6.5% conventional
$396
per month
$4,756
per year
$142,687
over 30 years
$143,640
interest saved
How gap financing works: The equity gap ($47,240) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,750, 5% of purchase price) and a second mortgage for the rest ($10,490 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.
🏠
Back to This Listing
View photos, details, and request a showing for 16809 Desert Wine.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.