Loan Comparison: 3.02% vs 6.5%
14400 Albrook Drive, Denver, CO 80239 · 5bd/3ba · $329,900
List Price
$329,900
Assumable Rate
3.02%
Remaining Balance
$245,429
Equity Gap
$84,470
Loan Type
VAAdjust Your Scenario
$16,495
$16,495$84,470
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 3.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,981/moAssumable @ 3.02% + gap loan
$1,513/moAssumed loan: $1,037/mo
Gap financing: $475/mo
$468less per month with the assumable
Your Savings on This Property
14400 Albrook Drive, Denver · 3.02% VA vs 6.5% conventional
$468
per month
$5,619
per year
$168,571
over 30 years
$168,570
interest saved
How gap financing works: The equity gap ($84,470) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,495, 5% of purchase price) and a second mortgage for the rest ($67,975 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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