Loan Comparison: 3.18% vs 6.5%
8954 58th Drive, Denver, CO 80239 · 5bd/4ba · $639,000
List Price
$639,000
Assumable Rate
3.18%
Remaining Balance
$398,018
Equity Gap
$240,981
Loan Type
VAAdjust Your Scenario
$31,950
$31,950$240,981
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 4.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,837/moAssumable @ 3.18% + gap loan
$3,179/moAssumed loan: $1,717/mo
Gap financing: $1,462/mo
$658less per month with the assumable
Your Savings on This Property
8954 58th Drive, Denver · 3.18% VA vs 6.5% conventional
$658
per month
$7,901
per year
$237,042
over 30 years
$237,041
interest saved
How gap financing works: The equity gap ($240,981) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,950, 5% of purchase price) and a second mortgage for the rest ($209,031 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.
🏠
Back to This Listing
View photos, details, and request a showing for 8954 58th Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.