Loan Comparison: 6.46% vs 6.5%
1730 Meade Street, Denver, CO 80204 · 3bd/3ba · $2,400,000
List Price
$2,400,000
Assumable Rate
6.46%
Remaining Balance
$2,170,270
Equity Gap
$229,729
Loan Type
VAAdjust Your Scenario
$120,000
$120,000$229,729
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.46% (VA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$14,411/moAssumable @ 6.46% + gap loan
$14,428/moAssumed loan: $13,661/mo
Gap financing: $767/mo
Your Savings on This Property
1730 Meade Street, Denver · 6.46% 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 ($229,729) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($120,000, 5% of purchase price) and a second mortgage for the rest ($109,729 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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