Loan Comparison: 4.18% vs 6.5%
8262 55th, Denver, CO 80238 · 4bd/3ba · $784,000
List Price
$784,000
Assumable Rate
4.18%
Remaining Balance
$409,840
Equity Gap
$374,159
Loan Type
VAAdjust Your Scenario
$39,200
$39,200$374,159
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.18% (VA)
Blended Rate: 6.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,708/moAssumable @ 4.18% + gap loan
$4,575/moAssumed loan: $1,999/mo
Gap financing: $2,576/mo
$133less per month with the assumable
Your Savings on This Property
8262 55th, Denver · 4.18% VA vs 6.5% conventional
$133
per month
$1,592
per year
$47,769
over 30 years
$47,768
interest saved
How gap financing works: The equity gap ($374,159) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,200, 5% of purchase price) and a second mortgage for the rest ($334,959 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.