Loan Comparison: 3.25% vs 6.5%
2265 Ivanhoe Street, Denver, CO 80207 · 2bd/2ba · $799,900
List Price
$799,900
Assumable Rate
3.25%
Remaining Balance
$254,253
Equity Gap
$545,646
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$545,646
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (VA)
Blended Rate: 6.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 3.25% + gap loan
$4,642/moAssumed loan: $1,107/mo
Gap financing: $3,536/mo
$161less per month with the assumable
Your Savings on This Property
2265 Ivanhoe Street, Denver · 3.25% VA vs 6.5% conventional
$161
per month
$1,932
per year
$57,962
over 30 years
$57,961
interest saved
How gap financing works: The equity gap ($545,646) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($505,651 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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