Loan Comparison: 3.09% vs 6.5%
6138 Long Branch, Parker, CO 80134 · 5bd/5ba · $990,000
List Price
$990,000
Assumable Rate
3.09%
Remaining Balance
$649,017
Equity Gap
$340,983
Loan Type
VAAdjust Your Scenario
$49,500
$49,500$340,983
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (VA)
Blended Rate: 4.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,945/moAssumable @ 3.09% + gap loan
$5,009/moAssumed loan: $2,768/mo
Gap financing: $2,241/mo
$935less per month with the assumable
Your Savings on This Property
6138 Long Branch, Parker · 3.09% VA vs 6.5% conventional
$935
per month
$11,226
per year
$336,767
over 30 years
$336,767
interest saved
How gap financing works: The equity gap ($340,983) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,500, 5% of purchase price) and a second mortgage for the rest ($291,483 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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