Loan Comparison: 3.06% vs 6.5%
5445 Danube, Denver, CO 80249 · 3bd/3ba · $479,999
List Price
$479,999
Assumable Rate
3.06%
Remaining Balance
$264,034
Equity Gap
$214,801
Loan Type
VAAdjust Your Scenario
$24,000
$24,000$214,801
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 3.06% + gap loan
$2,589/moAssumed loan: $1,122/mo
Gap financing: $1,467/mo
$293less per month with the assumable
Your Savings on This Property
5445 Danube, Denver · 3.06% VA vs 6.5% conventional
$293
per month
$3,521
per year
$105,620
over 30 years
$104,456
interest saved
How gap financing works: The equity gap ($214,801) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($190,801 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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