Loan Comparison: 3.72% vs 6.5%
9355 Center, Denver, CO 80247 · 2bd/2ba · $253,777
List Price
$253,777
Assumable Rate
3.72%
Remaining Balance
$194,226
Equity Gap
$59,551
Loan Type
VAAdjust Your Scenario
$12,689
$12,689$59,551
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 4.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,524/moAssumable @ 3.72% + gap loan
$1,257/moAssumed loan: $896/mo
Gap financing: $360/mo
$267less per month with the assumable
Your Savings on This Property
9355 Center, Denver · 3.72% VA vs 6.5% conventional
$267
per month
$3,208
per year
$96,237
over 30 years
$96,237
interest saved
How gap financing works: The equity gap ($59,551) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,689, 5% of purchase price) and a second mortgage for the rest ($46,862 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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