Loan Comparison: 5.45% vs 6.5%
8457 Mariposa, Denver, CO 80260 · 3bd/2ba · $430,000
List Price
$430,000
Assumable Rate
5.45%
Remaining Balance
$223,223
Equity Gap
$557,103
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$557,103
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.45% (VA)
Blended Rate: 7.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 5.45% + gap loan
$5,379/moAssumed loan: $1,260/mo
Gap financing: $4,118/mo
Your Savings on This Property
8457 Mariposa, Denver · 5.45% 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 ($557,103) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($535,603 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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