Loan Comparison: 3.08% vs 6.5%
6565 Arizona Avenue, Denver, CO 80224 · 2bd/2ba · $258,000
List Price
$258,000
Assumable Rate
3.08%
Remaining Balance
$209,386
Equity Gap
$48,614
Loan Type
VAAdjust Your Scenario
$12,900
$12,900$48,614
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,549/moAssumable @ 3.08% + gap loan
$1,142/moAssumed loan: $892/mo
Gap financing: $250/mo
$408less per month with the assumable
Your Savings on This Property
6565 Arizona Avenue, Denver · 3.08% VA vs 6.5% conventional
$408
per month
$4,892
per year
$146,751
over 30 years
$146,751
interest saved
How gap financing works: The equity gap ($48,614) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,900, 5% of purchase price) and a second mortgage for the rest ($35,714 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.
🏠
Back to This Listing
View photos, details, and request a showing for 6565 Arizona Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.