Loan Comparison: 3.08% vs 6.5%
10386 Dartmouth, Lakewood, CO 80227 · 2bd/2ba · $345,000
List Price
$345,000
Assumable Rate
3.08%
Remaining Balance
$261,218
Equity Gap
$82,644
Loan Type
VAAdjust Your Scenario
$17,250
$17,250$82,644
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 3.08% + gap loan
$1,615/moAssumed loan: $1,113/mo
Gap financing: $503/mo
$456less per month with the assumable
Your Savings on This Property
10386 Dartmouth, Lakewood · 3.08% VA vs 6.5% conventional
$456
per month
$5,474
per year
$164,222
over 30 years
$163,084
interest saved
How gap financing works: The equity gap ($82,644) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($65,394 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 10386 Dartmouth.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.