Loan Comparison: 3.02% vs 6.5%
14400 Albrook, Denver, CO 80239 · 2bd/3ba · $345,000
List Price
$345,000
Assumable Rate
3.02%
Remaining Balance
$248,853
Equity Gap
$96,146
Loan Type
VAAdjust Your Scenario
$17,250
$17,250$96,146
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 3.02% + gap loan
$1,659/moAssumed loan: $1,052/mo
Gap financing: $607/mo
$413less per month with the assumable
Your Savings on This Property
14400 Albrook, Denver · 3.02% VA vs 6.5% conventional
$413
per month
$4,957
per year
$148,716
over 30 years
$148,715
interest saved
How gap financing works: The equity gap ($96,146) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($78,896 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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