Loan Comparison: 2.67% vs 6.5%
822 25th Street, Denver, CO 80205 · 4bd/4ba · $575,000
List Price
$575,000
Assumable Rate
2.67%
Remaining Balance
$239,555
Equity Gap
$335,445
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$335,445
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.67% (VA)
Blended Rate: 5.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 2.67% + gap loan
$3,112/moAssumed loan: $968/mo
Gap financing: $2,144/mo
$340less per month with the assumable
Your Savings on This Property
822 25th Street, Denver · 2.67% VA vs 6.5% conventional
$340
per month
$4,084
per year
$122,535
over 30 years
$122,535
interest saved
How gap financing works: The equity gap ($335,445) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($306,695 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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