Loan Comparison: 4.48% vs 6.5%
639 Galapago, Denver, CO 80204 · 3bd/2ba · $825,000
List Price
$825,000
Assumable Rate
4.48%
Remaining Balance
$743,945
Equity Gap
$77,333
Loan Type
VAAdjust Your Scenario
$41,250
$41,250$77,333
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 4.48% + gap loan
$4,038/moAssumed loan: $3,761/mo
Gap financing: $277/mo
$916less per month with the assumable
Your Savings on This Property
639 Galapago, Denver · 4.48% VA vs 6.5% conventional
$916
per month
$10,989
per year
$329,674
over 30 years
$325,952
interest saved
How gap financing works: The equity gap ($77,333) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($36,083 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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