Loan Comparison: 2.71% vs 6.5%
4645 Lowell Boulevard, Denver, CO 80236 · 2bd/2ba · $200,000
List Price
$200,000
Assumable Rate
2.71%
Remaining Balance
$161,426
Equity Gap
$38,573
Loan Type
VAAdjust Your Scenario
$10,000
$10,000$38,573
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.71% (VA)
Blended Rate: 3.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,201/moAssumable @ 2.71% + gap loan
$855/moAssumed loan: $656/mo
Gap financing: $200/mo
$346less per month with the assumable
Your Savings on This Property
4645 Lowell Boulevard, Denver · 2.71% VA vs 6.5% conventional
$346
per month
$4,147
per year
$124,398
over 30 years
$124,397
interest saved
How gap financing works: The equity gap ($38,573) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,000, 5% of purchase price) and a second mortgage for the rest ($28,573 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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