Loan Comparison: 6.25% vs 6.5%
4015 Federal Boulevard, Denver, CO 80211 · 2bd/1ba · $424,999
List Price
$424,999
Assumable Rate
6.25%
Remaining Balance
$399,328
Equity Gap
$25,671
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$25,671
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.25% (VA)
Blended Rate: 6.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 6.25% + gap loan
$2,490/moAssumed loan: $2,459/mo
Gap financing: $31/mo
$62less per month with the assumable
Your Savings on This Property
4015 Federal Boulevard, Denver · 6.25% VA vs 6.5% conventional
$62
per month
$748
per year
$22,437
over 30 years
$22,437
interest saved
How gap financing works: The equity gap ($25,671) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($4,421 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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