Loan Comparison: 3.75% vs 6.5%
3243 Kearney Street, Denver, CO 80207 · 3bd/2ba · $1,450,000
List Price
$1,450,000
Assumable Rate
3.75%
Remaining Balance
$1,165,297
Equity Gap
$284,703
Loan Type
VAAdjust Your Scenario
$72,500
$72,500$284,703
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,707/moAssumable @ 3.75% + gap loan
$6,880/moAssumed loan: $5,397/mo
Gap financing: $1,484/mo
$1,826less per month with the assumable
Your Savings on This Property
3243 Kearney Street, Denver · 3.75% VA vs 6.5% conventional
$1,826
per month
$21,916
per year
$657,472
over 30 years
$657,472
interest saved
How gap financing works: The equity gap ($284,703) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($72,500, 5% of purchase price) and a second mortgage for the rest ($212,203 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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