Loan Comparison: 2.375% vs 6.5%
3737 Kalamath, Denver, CO 80211 · 2bd/2ba · $499,000
List Price
$499,000
Assumable Rate
2.375%
Remaining Balance
$415,130
Equity Gap
$83,870
Loan Type
VAAdjust Your Scenario
$24,950
$24,950$83,870
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.375% (VA)
Blended Rate: 3.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 2.375% + gap loan
$2,066/moAssumed loan: $1,613/mo
Gap financing: $453/mo
$930less per month with the assumable
Your Savings on This Property
3737 Kalamath, Denver · 2.375% VA vs 6.5% conventional
$930
per month
$11,158
per year
$334,750
over 30 years
$334,750
interest saved
How gap financing works: The equity gap ($83,870) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($58,920 at 8.5%). 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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