Loan Comparison: 3.08% vs 6.5%
6565 Arizona, Denver, CO 80224 · 2bd/1ba · $278,000
List Price
$278,000
Assumable Rate
3.08%
Remaining Balance
$211,722
Equity Gap
$65,813
Loan Type
VAAdjust Your Scenario
$13,900
$13,900$65,813
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 4.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,669/moAssumable @ 3.08% + gap loan
$1,301/moAssumed loan: $902/mo
Gap financing: $399/mo
$368less per month with the assumable
Your Savings on This Property
6565 Arizona, Denver · 3.08% VA vs 6.5% conventional
$368
per month
$4,420
per year
$132,601
over 30 years
$132,136
interest saved
How gap financing works: The equity gap ($65,813) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,900, 5% of purchase price) and a second mortgage for the rest ($51,913 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 6565 Arizona.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.