Loan Comparison: 5.52% vs 6.5%
16214 47th Drive, Denver, CO 80239 · 2bd/2ba · $390,000
List Price
$390,000
Assumable Rate
5.52%
Remaining Balance
$335,684
Equity Gap
$54,316
Loan Type
VAAdjust Your Scenario
$19,500
$19,500$54,316
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,342/moAssumable @ 5.52% + gap loan
$2,154/moAssumed loan: $1,910/mo
Gap financing: $243/mo
$188less per month with the assumable
Your Savings on This Property
16214 47th Drive, Denver · 5.52% VA vs 6.5% conventional
$188
per month
$2,258
per year
$67,746
over 30 years
$67,746
interest saved
How gap financing works: The equity gap ($54,316) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,500, 5% of purchase price) and a second mortgage for the rest ($34,816 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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