Loan Comparison: 3.95% vs 6.5%
5237 Andes, Denver, CO 80249 · 4bd/4ba · $535,000
List Price
$535,000
Assumable Rate
3.95%
Remaining Balance
$286,283
Equity Gap
$248,717
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$248,717
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.95% + gap loan
$3,065/moAssumed loan: $1,359/mo
Gap financing: $1,707/mo
$147less per month with the assumable
Your Savings on This Property
5237 Andes, Denver · 3.95% VA vs 6.5% conventional
$147
per month
$1,767
per year
$53,004
over 30 years
$53,004
interest saved
How gap financing works: The equity gap ($248,717) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($221,967 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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