Loan Comparison: 3.5% vs 6.5%
1475 Delgany, Denver, CO 80202 · 1bd/1ba · $348,500
List Price
$348,500
Assumable Rate
3.5%
Remaining Balance
$133,666
Equity Gap
$214,833
Loan Type
VAAdjust Your Scenario
$17,425
$17,425$214,833
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.5% (VA)
Blended Rate: 6.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,093/moAssumable @ 3.5% + gap loan
$2,118/moAssumed loan: $600/mo
Gap financing: $1,518/mo
Your Savings on This Property
1475 Delgany, Denver · 3.5% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($214,833) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,425, 5% of purchase price) and a second mortgage for the rest ($197,408 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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