Loan Comparison: 5.52% vs 6.5%
166 Newton Street, Denver, CO 80219 · 2bd/1ba · $496,500
List Price
$496,500
Assumable Rate
5.52%
Remaining Balance
$374,339
Equity Gap
$122,160
Loan Type
VAAdjust Your Scenario
$24,825
$24,825$122,160
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,981/moAssumable @ 5.52% + gap loan
$2,811/moAssumed loan: $2,130/mo
Gap financing: $681/mo
$171less per month with the assumable
Your Savings on This Property
166 Newton Street, Denver · 5.52% VA vs 6.5% conventional
$171
per month
$2,047
per year
$61,406
over 30 years
$61,405
interest saved
How gap financing works: The equity gap ($122,160) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,825, 5% of purchase price) and a second mortgage for the rest ($97,335 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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