Loan Comparison: 3.69% vs 6.5%
10260 Cosmopolitan, Parker, CO 80134 · 4bd/5ba · $950,000
List Price
$950,000
Assumable Rate
3.69%
Remaining Balance
$669,357
Equity Gap
$506,854
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$506,854
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 3.69% + gap loan
$6,609/moAssumed loan: $3,077/mo
Gap financing: $3,532/mo
Your Savings on This Property
10260 Cosmopolitan, Parker · 3.69% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($506,854) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($459,354 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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