Loan Comparison: 3.45% vs 6.5%
9079 Panorama, Englewood, CO 80112 · 4bd/3ba · $618,850
List Price
$618,850
Assumable Rate
3.45%
Remaining Balance
$237,540
Equity Gap
$381,310
Loan Type
VAAdjust Your Scenario
$30,943
$30,943$381,310
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 6.46%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,716/moAssumable @ 3.45% + gap loan
$3,754/moAssumed loan: $1,060/mo
Gap financing: $2,694/mo
Your Savings on This Property
9079 Panorama, Englewood · 3.45% 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 ($381,310) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,943, 5% of purchase price) and a second mortgage for the rest ($350,367 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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