Loan Comparison: 2.9% vs 6.5%
1970 Willow, Denver, CO 80220 · 3bd/2ba · $434,000
List Price
$434,000
Assumable Rate
2.9%
Remaining Balance
$392,776
Equity Gap
$38,655
Loan Type
VAAdjust Your Scenario
$21,700
$21,700$38,655
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,606/moAssumable @ 2.9% + gap loan
$1,765/moAssumed loan: $1,635/mo
Gap financing: $130/mo
$841less per month with the assumable
Your Savings on This Property
1970 Willow, Denver · 2.9% VA vs 6.5% conventional
$841
per month
$10,090
per year
$302,686
over 30 years
$300,117
interest saved
How gap financing works: The equity gap ($38,655) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,700, 5% of purchase price) and a second mortgage for the rest ($16,955 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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