Loan Comparison: 3.34% vs 6.5%
2647 Linden, Denver, CO 80222 · 4bd/3ba · $690,000
List Price
$690,000
Assumable Rate
3.34%
Remaining Balance
$494,826
Equity Gap
$192,884
Loan Type
VAAdjust Your Scenario
$34,500
$34,500$192,884
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (VA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 3.34% + gap loan
$3,396/moAssumed loan: $2,178/mo
Gap financing: $1,218/mo
$747less per month with the assumable
Your Savings on This Property
2647 Linden, Denver · 3.34% VA vs 6.5% conventional
$747
per month
$8,968
per year
$269,042
over 30 years
$266,752
interest saved
How gap financing works: The equity gap ($192,884) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($158,384 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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