Loan Comparison: 3.46% vs 6.5%
4737 Beach Court, Denver, CO 80211 · 3bd/3ba · $599,950
List Price
$599,950
Assumable Rate
3.46%
Remaining Balance
$218,122
Equity Gap
$381,828
Loan Type
VAAdjust Your Scenario
$29,998
$29,998$381,828
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (VA)
Blended Rate: 5.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 3.46% + gap loan
$3,435/moAssumed loan: $975/mo
Gap financing: $2,460/mo
$168less per month with the assumable
Your Savings on This Property
4737 Beach Court, Denver · 3.46% VA vs 6.5% conventional
$168
per month
$2,014
per year
$60,422
over 30 years
$60,422
interest saved
How gap financing works: The equity gap ($381,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,998, 5% of purchase price) and a second mortgage for the rest ($351,830 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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