Loan Comparison: 2.9% vs 6.5%
5751 Ithaca, Denver, CO 80237 · 2bd/2ba · $369,900
List Price
$369,900
Assumable Rate
2.9%
Remaining Balance
$344,831
Equity Gap
$27,300
Loan Type
VAAdjust Your Scenario
$18,495
$18,495$27,300
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,221/moAssumable @ 2.9% + gap loan
$1,503/moAssumed loan: $1,435/mo
Gap financing: $68/mo
$718less per month with the assumable
Your Savings on This Property
5751 Ithaca, Denver · 2.9% VA vs 6.5% conventional
$718
per month
$8,618
per year
$258,525
over 30 years
$260,756
interest saved
How gap financing works: The equity gap ($27,300) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,495, 5% of purchase price) and a second mortgage for the rest ($8,805 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 5751 Ithaca.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.