Loan Comparison: 3.72% vs 6.5%
9355 Center, Denver, CO 80247 · 2bd/2ba · $239,500
List Price
$239,500
Assumable Rate
3.72%
Remaining Balance
$193,805
Equity Gap
$44,854
Loan Type
VAAdjust Your Scenario
$11,975
$11,975$44,854
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 4.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,438/moAssumable @ 3.72% + gap loan
$1,147/moAssumed loan: $894/mo
Gap financing: $253/mo
$291less per month with the assumable
Your Savings on This Property
9355 Center, Denver · 3.72% VA vs 6.5% conventional
$291
per month
$3,493
per year
$104,780
over 30 years
$103,939
interest saved
How gap financing works: The equity gap ($44,854) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,975, 5% of purchase price) and a second mortgage for the rest ($32,879 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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