Loan Comparison: 3.62% vs 6.5%
8199 Welby, Denver, CO 80229 · 2bd/3ba · $315,000
List Price
$315,000
Assumable Rate
3.62%
Remaining Balance
$230,679
Equity Gap
$84,321
Loan Type
VAAdjust Your Scenario
$15,750
$15,750$84,321
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 4.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 3.62% + gap loan
$1,579/moAssumed loan: $1,051/mo
Gap financing: $527/mo
$313less per month with the assumable
Your Savings on This Property
8199 Welby, Denver · 3.62% VA vs 6.5% conventional
$313
per month
$3,754
per year
$112,625
over 30 years
$112,625
interest saved
How gap financing works: The equity gap ($84,321) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($68,571 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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