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
$745,190
Equity Gap
$129,809
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$129,809
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 4.48% + gap loan
$4,429/moAssumed loan: $3,767/mo
Gap financing: $662/mo
$825less per month with the assumable
Your Savings on This Property
639 Galapago, Denver · 4.48% VA vs 6.5% conventional
$825
per month
$9,905
per year
$297,154
over 30 years
$297,153
interest saved
How gap financing works: The equity gap ($129,809) 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 ($86,059 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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