Loan Comparison: 6.81% vs 6.5%
2615 Raleigh Street, Denver, CO 80219 · 6bd/4ba · $615,000
List Price
$615,000
Assumable Rate
6.81%
Remaining Balance
$516,734
Equity Gap
$98,265
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$98,265
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (VA)
Blended Rate: 6.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 6.81% + gap loan
$3,844/moAssumed loan: $3,372/mo
Gap financing: $472/mo
Your Savings on This Property
2615 Raleigh Street, Denver · 6.81% 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 ($98,265) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($67,515 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 2615 Raleigh Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.