Loan Comparison: 2.81% vs 6.5%
5606 Helena, Centennial, CO 80015 · 6bd/4ba · $764,990
List Price
$764,990
Assumable Rate
2.81%
Remaining Balance
$476,660
Equity Gap
$287,235
Loan Type
VAAdjust Your Scenario
$38,250
$38,250$287,235
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 4.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,593/moAssumable @ 2.81% + gap loan
$3,876/moAssumed loan: $1,961/mo
Gap financing: $1,914/mo
$718less per month with the assumable
Your Savings on This Property
5606 Helena, Centennial · 2.81% VA vs 6.5% conventional
$718
per month
$8,615
per year
$258,448
over 30 years
$257,352
interest saved
How gap financing works: The equity gap ($287,235) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,250, 5% of purchase price) and a second mortgage for the rest ($248,985 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 5606 Helena.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.