Loan Comparison: 2.98% vs 6.5%
725 Alton, Denver, CO 80247 · 2bd/2ba · $239,900
List Price
$239,900
Assumable Rate
2.98%
Remaining Balance
$223,389
Equity Gap
$16,510
Loan Type
VAAdjust Your Scenario
$11,995
$11,995$16,510
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 3.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,441/moAssumable @ 2.98% + gap loan
$974/moAssumed loan: $939/mo
Gap financing: $35/mo
$466less per month with the assumable
Your Savings on This Property
725 Alton, Denver · 2.98% VA vs 6.5% conventional
$466
per month
$5,597
per year
$167,900
over 30 years
$167,899
interest saved
How gap financing works: The equity gap ($16,510) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,995, 5% of purchase price) and a second mortgage for the rest ($4,515 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.