Loan Comparison: 3.75% vs 6.5%
2165 Orion Street, Lakewood, CO 80228 · 4bd/2ba · $1,099,900
List Price
$1,099,900
Assumable Rate
3.75%
Remaining Balance
$793,957
Equity Gap
$305,943
Loan Type
VAAdjust Your Scenario
$54,995
$54,995$305,943
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 3.75% + gap loan
$5,432/moAssumed loan: $3,677/mo
Gap financing: $1,755/mo
$1,173less per month with the assumable
Your Savings on This Property
2165 Orion Street, Lakewood · 3.75% VA vs 6.5% conventional
$1,173
per month
$14,075
per year
$422,246
over 30 years
$422,246
interest saved
How gap financing works: The equity gap ($305,943) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($54,995, 5% of purchase price) and a second mortgage for the rest ($250,948 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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