Loan Comparison: 3.44% vs 6.5%
4056 Lisbon Street, Denver, CO 80249 · 4bd/2ba · $490,000
List Price
$490,000
Assumable Rate
3.44%
Remaining Balance
$196,451
Equity Gap
$293,549
Loan Type
VAAdjust Your Scenario
$24,500
$24,500$293,549
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 5.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.44% + gap loan
$2,757/moAssumed loan: $876/mo
Gap financing: $1,881/mo
$185less per month with the assumable
Your Savings on This Property
4056 Lisbon Street, Denver · 3.44% VA vs 6.5% conventional
$185
per month
$2,226
per year
$66,766
over 30 years
$66,766
interest saved
How gap financing works: The equity gap ($293,549) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($269,049 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 4056 Lisbon Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.