Loan Comparison: 4.18% vs 6.5%
8262 55th, Denver, CO 80238 · 4bd/3ba · $779,000
List Price
$779,000
Assumable Rate
4.18%
Remaining Balance
$408,765
Equity Gap
$367,020
Loan Type
VAAdjust Your Scenario
$38,950
$38,950$367,020
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.18% (VA)
Blended Rate: 6.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,678/moAssumable @ 4.18% + gap loan
$4,517/moAssumed loan: $1,994/mo
Gap financing: $2,523/mo
$161less per month with the assumable
Your Savings on This Property
8262 55th, Denver · 4.18% VA vs 6.5% conventional
$161
per month
$1,931
per year
$57,918
over 30 years
$54,703
interest saved
How gap financing works: The equity gap ($367,020) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,950, 5% of purchase price) and a second mortgage for the rest ($328,070 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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