Loan Comparison: 3.06% vs 6.5%
5445 Danube Street, Denver, CO 80249 · 2bd/3ba · $463,000
List Price
$463,000
Assumable Rate
3.06%
Remaining Balance
$262,864
Equity Gap
$200,136
Loan Type
VAAdjust Your Scenario
$23,150
$23,150$200,136
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,780/moAssumable @ 3.06% + gap loan
$2,354/moAssumed loan: $1,117/mo
Gap financing: $1,238/mo
$426less per month with the assumable
Your Savings on This Property
5445 Danube Street, Denver · 3.06% VA vs 6.5% conventional
$426
per month
$5,110
per year
$153,313
over 30 years
$153,313
interest saved
How gap financing works: The equity gap ($200,136) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,150, 5% of purchase price) and a second mortgage for the rest ($176,986 at 7.5%). 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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