Loan Comparison: 2.74% vs 6.5%
925 Lincoln, Denver, CO 80203 · 1bd/1ba · $350,000
List Price
$350,000
Assumable Rate
2.74%
Remaining Balance
$312,998
Equity Gap
$36,279
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$36,279
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 3.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 2.74% + gap loan
$1,421/moAssumed loan: $1,276/mo
Gap financing: $144/mo
$681less per month with the assumable
Your Savings on This Property
925 Lincoln, Denver · 2.74% VA vs 6.5% conventional
$681
per month
$8,173
per year
$245,197
over 30 years
$244,474
interest saved
How gap financing works: The equity gap ($36,279) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($18,779 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 925 Lincoln.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.