Loan Comparison: 6.92% vs 6.5%
2767 Bryant Street, Denver, CO 80236 ยท 3bd/3ba ยท $500,000
List Price
$500,000
Assumable Rate
6.92%
Remaining Balance
$457,586
Equity Gap
$42,414
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$42,414
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.92% (VA)
Blended Rate: 6.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 6.92% + gap loan
$3,142/moAssumed loan: $3,020/mo
Gap financing: $122/mo
Your Savings on This Property
2767 Bryant Street, Denver ยท 6.92% 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 ($42,414) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($17,414 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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