Loan Comparison: 3.25% vs 6.5%
2265 Ivanhoe, Denver, CO 80207 · 4bd/2ba · $899,000
List Price
$899,000
Assumable Rate
3.25%
Remaining Balance
$257,173
Equity Gap
$639,196
Loan Type
VAAdjust Your Scenario
$44,950
$44,950$639,196
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (VA)
Blended Rate: 6.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,398/moAssumable @ 3.25% + gap loan
$5,688/moAssumed loan: $1,119/mo
Gap financing: $4,569/mo
Your Savings on This Property
2265 Ivanhoe, Denver · 3.25% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($639,196) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,950, 5% of purchase price) and a second mortgage for the rest ($594,246 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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