Loan Comparison: 2.98% vs 6.5%
12340 51st, Wheat Ridge, CO 80033 · 2bd/3ba · $549,000
List Price
$549,000
Assumable Rate
2.98%
Remaining Balance
$372,942
Equity Gap
$174,426
Loan Type
VAAdjust Your Scenario
$27,450
$27,450$174,426
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 4.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 2.98% + gap loan
$2,698/moAssumed loan: $1,568/mo
Gap financing: $1,130/mo
$598less per month with the assumable
Your Savings on This Property
12340 51st, Wheat Ridge · 2.98% VA vs 6.5% conventional
$598
per month
$7,177
per year
$215,321
over 30 years
$213,689
interest saved
How gap financing works: The equity gap ($174,426) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($146,976 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.
🏠
Back to This Listing
View photos, details, and request a showing for 12340 51st.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.