Loan Comparison: 6.33% vs 6.5%
2908 40th Avenue, Denver, CO 80211 · 2bd/3ba · $937,000
List Price
$937,000
Assumable Rate
6.33%
Remaining Balance
$660,735
Equity Gap
$276,265
Loan Type
VAAdjust Your Scenario
$46,850
$46,850$276,265
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.33% (VA)
Blended Rate: 6.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,626/moAssumable @ 6.33% + gap loan
$5,707/moAssumed loan: $4,103/mo
Gap financing: $1,604/mo
Your Savings on This Property
2908 40th Avenue, Denver · 6.33% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($276,265) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,850, 5% of purchase price) and a second mortgage for the rest ($229,415 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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