Loan Comparison: 6.71% vs 6.5%
18260 51st Place, Denver, CO 80249 · 3bd/2ba · $465,000
List Price
$465,000
Assumable Rate
6.71%
Remaining Balance
$388,737
Equity Gap
$76,263
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$76,263
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.71% (VA)
Blended Rate: 6.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 6.71% + gap loan
$2,882/moAssumed loan: $2,511/mo
Gap financing: $371/mo
Your Savings on This Property
18260 51st Place, Denver · 6.71% 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 ($76,263) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($53,013 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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