Loan Comparison: 3.45% vs 6.5%
9079 Panorama, Englewood, CO 80112 · 4bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.45%
Remaining Balance
$237,017
Equity Gap
$327,460
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$327,460
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.45% + gap loan
$3,358/moAssumed loan: $1,058/mo
Gap financing: $2,301/mo
$34less per month with the assumable
Your Savings on This Property
9079 Panorama, Englewood · 3.45% VA vs 6.5% conventional
$34
per month
$411
per year
$12,330
over 30 years
$11,807
interest saved
How gap financing works: The equity gap ($327,460) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($299,210 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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