Loan Comparison: 2.99% vs 6.5%
9318 Las Ramblas, Parker, CO 80134 · 2bd/2ba · $365,000
List Price
$365,000
Assumable Rate
2.99%
Remaining Balance
$338,189
Equity Gap
$27,559
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$27,559
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (VA)
Blended Rate: 3.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 2.99% + gap loan
$1,496/moAssumed loan: $1,424/mo
Gap financing: $72/mo
$696less per month with the assumable
Your Savings on This Property
9318 Las Ramblas, Parker · 2.99% VA vs 6.5% conventional
$696
per month
$8,353
per year
$250,604
over 30 years
$251,352
interest saved
How gap financing works: The equity gap ($27,559) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($9,309 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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