Loan Comparison: 3.07% vs 6.5%
5135 Andes Street, Denver, CO 80249 · 3bd/3ba · $523,000
List Price
$523,000
Assumable Rate
3.07%
Remaining Balance
$455,747
Equity Gap
$67,253
Loan Type
VAAdjust Your Scenario
$26,150
$26,150$67,253
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,140/moAssumable @ 3.07% + gap loan
$2,226/moAssumed loan: $1,939/mo
Gap financing: $287/mo
$914less per month with the assumable
Your Savings on This Property
5135 Andes Street, Denver · 3.07% VA vs 6.5% conventional
$914
per month
$10,972
per year
$329,161
over 30 years
$329,161
interest saved
How gap financing works: The equity gap ($67,253) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,150, 5% of purchase price) and a second mortgage for the rest ($41,103 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 5135 Andes Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.