Loan Comparison: 6.64% vs 6.5%
220 Roslyn Street, Denver, CO 80230 · 2bd/2ba · $383,000
List Price
$383,000
Assumable Rate
6.64%
Remaining Balance
$250,806
Equity Gap
$132,193
Loan Type
VAAdjust Your Scenario
$19,150
$19,150$132,193
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.64% (VA)
Blended Rate: 6.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,300/moAssumable @ 6.64% + gap loan
$2,399/moAssumed loan: $1,608/mo
Gap financing: $790/mo
Your Savings on This Property
220 Roslyn Street, Denver · 6.64% 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 ($132,193) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,150, 5% of purchase price) and a second mortgage for the rest ($113,043 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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