Loan Comparison: 3.27% vs 6.5%
5328 Havana, Englewood, CO 80111 · 6bd/5ba · $1,495,000
List Price
$1,495,000
Assumable Rate
3.27%
Remaining Balance
$664,477
Equity Gap
$829,063
Loan Type
VAAdjust Your Scenario
$74,750
$74,750$829,063
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,977/moAssumable @ 3.27% + gap loan
$8,699/moAssumed loan: $2,899/mo
Gap financing: $5,800/mo
$278less per month with the assumable
Your Savings on This Property
5328 Havana, Englewood · 3.27% VA vs 6.5% conventional
$278
per month
$3,333
per year
$100,003
over 30 years
$98,543
interest saved
How gap financing works: The equity gap ($829,063) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($74,750, 5% of purchase price) and a second mortgage for the rest ($754,313 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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