Loan Comparison: 3.06% vs 6.5%
495 Dayton, Denver, CO 80247 · 2bd/2ba · $289,000
List Price
$289,000
Assumable Rate
3.06%
Remaining Balance
$248,369
Equity Gap
$40,630
Loan Type
VAAdjust Your Scenario
$14,450
$14,450$40,630
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,735/moAssumable @ 3.06% + gap loan
$1,256/moAssumed loan: $1,055/mo
Gap financing: $201/mo
$479less per month with the assumable
Your Savings on This Property
495 Dayton, Denver · 3.06% VA vs 6.5% conventional
$479
per month
$5,746
per year
$172,387
over 30 years
$172,386
interest saved
How gap financing works: The equity gap ($40,630) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,450, 5% of purchase price) and a second mortgage for the rest ($26,180 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 495 Dayton.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.