Loan Comparison: 3.5% vs 6.5%
1475 Delgany, Denver, CO 80202 · 1bd/1ba · $349,000
List Price
$349,000
Assumable Rate
3.5%
Remaining Balance
$135,167
Equity Gap
$212,839
Loan Type
VAAdjust Your Scenario
$17,450
$17,450$212,839
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.5% (VA)
Blended Rate: 6.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,096/moAssumable @ 3.5% + gap loan
$2,109/moAssumed loan: $607/mo
Gap financing: $1,502/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 ($212,839) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,450, 5% of purchase price) and a second mortgage for the rest ($195,389 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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