Loan Comparison: 3.76% vs 6.5%
1247 Harrison, Denver, CO 80206 · 3bd/2ba · $750,000
List Price
$750,000
Assumable Rate
3.76%
Remaining Balance
$605,792
Equity Gap
$152,000
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$152,000
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.76% + gap loan
$3,689/moAssumed loan: $2,809/mo
Gap financing: $880/mo
$814less per month with the assumable
Your Savings on This Property
1247 Harrison, Denver · 3.76% VA vs 6.5% conventional
$814
per month
$9,769
per year
$293,084
over 30 years
$300,876
interest saved
How gap financing works: The equity gap ($152,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($114,500 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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