Loan Comparison: 3.44% vs 6.5%
4466 Telluride, Denver, CO 80249 · 4bd/4ba · $545,000
List Price
$545,000
Assumable Rate
3.44%
Remaining Balance
$259,603
Equity Gap
$284,667
Loan Type
VAAdjust Your Scenario
$27,250
$27,250$284,667
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 5.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,273/moAssumable @ 3.44% + gap loan
$3,136/moAssumed loan: $1,157/mo
Gap financing: $1,979/mo
$136less per month with the assumable
Your Savings on This Property
4466 Telluride, Denver · 3.44% VA vs 6.5% conventional
$136
per month
$1,634
per year
$49,018
over 30 years
$48,288
interest saved
How gap financing works: The equity gap ($284,667) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,250, 5% of purchase price) and a second mortgage for the rest ($257,417 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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