Loan Comparison: 3.43% vs 6.5%
1865 Dixie Place, Denver, CO 80221 · 4bd/3ba · $500,000
List Price
$500,000
Assumable Rate
3.43%
Remaining Balance
$153,013
Equity Gap
$346,986
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$346,986
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.43% (VA)
Blended Rate: 6.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.43% + gap loan
$2,933/moAssumed loan: $681/mo
Gap financing: $2,251/mo
$70less per month with the assumable
Your Savings on This Property
1865 Dixie Place, Denver · 3.43% VA vs 6.5% conventional
$70
per month
$838
per year
$25,135
over 30 years
$25,134
interest saved
How gap financing works: The equity gap ($346,986) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($321,986 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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