Loan Comparison: 3.06% vs 6.5%
7220 Avrum, Denver, CO 80221 · 3bd/2ba · $485,000
List Price
$485,000
Assumable Rate
3.06%
Remaining Balance
$388,023
Equity Gap
$96,977
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$96,977
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 3.06% + gap loan
$2,208/moAssumed loan: $1,649/mo
Gap financing: $559/mo
$705less per month with the assumable
Your Savings on This Property
7220 Avrum, Denver · 3.06% VA vs 6.5% conventional
$705
per month
$8,455
per year
$253,635
over 30 years
$253,635
interest saved
How gap financing works: The equity gap ($96,977) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($72,727 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 7220 Avrum.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.