Loan Comparison: 4.48% vs 6.5%
639 Galapago, Denver, CO 80204 · 3bd/2ba · $875,000
List Price
$875,000
Assumable Rate
4.48%
Remaining Balance
$746,431
Equity Gap
$128,569
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$128,569
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 4.48% + gap loan
$4,425/moAssumed loan: $3,773/mo
Gap financing: $652/mo
$829less per month with the assumable
Your Savings on This Property
639 Galapago, Denver · 4.48% VA vs 6.5% conventional
$829
per month
$9,944
per year
$298,328
over 30 years
$298,328
interest saved
How gap financing works: The equity gap ($128,569) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($84,819 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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