Loan Comparison: 3.17% vs 6.5%
6565 Arizona Avenue, Denver, CO 80205 · 1bd/1ba · $250,000
List Price
$250,000
Assumable Rate
3.17%
Remaining Balance
$209,742
Equity Gap
$40,257
Loan Type
VAAdjust Your Scenario
$12,500
$12,500$40,257
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.17% (VA)
Blended Rate: 3.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 3.17% + gap loan
$1,098/moAssumed loan: $904/mo
Gap financing: $194/mo
$403less per month with the assumable
Your Savings on This Property
6565 Arizona Avenue, Denver · 3.17% VA vs 6.5% conventional
$403
per month
$4,841
per year
$145,243
over 30 years
$145,242
interest saved
How gap financing works: The equity gap ($40,257) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,500, 5% of purchase price) and a second mortgage for the rest ($27,757 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 6565 Arizona Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.