Loan Comparison: 3.45% vs 6.5%
4315 Orleans, Denver, CO 80249 · 2bd/2ba · $375,000
List Price
$375,000
Assumable Rate
3.45%
Remaining Balance
$247,128
Equity Gap
$127,872
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$127,872
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 3.45% + gap loan
$1,942/moAssumed loan: $1,103/mo
Gap financing: $839/mo
$310less per month with the assumable
Your Savings on This Property
4315 Orleans, Denver · 3.45% VA vs 6.5% conventional
$310
per month
$3,718
per year
$111,549
over 30 years
$111,549
interest saved
How gap financing works: The equity gap ($127,872) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($109,122 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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