Loan Comparison: 2.86% vs 6.5%
2932 17th Avenue, Denver, CO 80206 · 4bd/2ba · $825,000
List Price
$825,000
Assumable Rate
2.86%
Remaining Balance
$168,504
Equity Gap
$656,496
Loan Type
VAAdjust Your Scenario
$41,250
$41,250$656,496
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.86% (VA)
Blended Rate: 6.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 2.86% + gap loan
$5,000/moAssumed loan: $698/mo
Gap financing: $4,302/mo
Your Savings on This Property
2932 17th Avenue, Denver · 2.86% 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 ($656,496) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($615,246 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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