Loan Comparison: 3.8% vs 6.5%
8199 Welby, Denver, CO 80229 · 2bd/1ba · $300,000
List Price
$300,000
Assumable Rate
3.8%
Remaining Balance
$193,783
Equity Gap
$105,789
Loan Type
VAAdjust Your Scenario
$15,000
$15,000$105,789
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (VA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 3.8% + gap loan
$1,601/moAssumed loan: $903/mo
Gap financing: $698/mo
$200less per month with the assumable
Your Savings on This Property
8199 Welby, Denver · 3.8% VA vs 6.5% conventional
$200
per month
$2,404
per year
$72,129
over 30 years
$71,701
interest saved
How gap financing works: The equity gap ($105,789) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($90,789 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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