Loan Comparison: 3.02% vs 6.5%
14400 Albrook, Denver, CO 80239 · 2bd/3ba · $339,900
List Price
$339,900
Assumable Rate
3.02%
Remaining Balance
$246,576
Equity Gap
$93,323
Loan Type
VAAdjust Your Scenario
$16,995
$16,995$93,323
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 3.02% + gap loan
$1,629/moAssumed loan: $1,042/mo
Gap financing: $587/mo
$412less per month with the assumable
Your Savings on This Property
14400 Albrook, Denver · 3.02% VA vs 6.5% conventional
$412
per month
$4,942
per year
$148,265
over 30 years
$148,264
interest saved
How gap financing works: The equity gap ($93,323) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($76,328 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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