Loan Comparison: 3.6% vs 6.5%
1843 Glencoe, Denver, CO 80222 · 4bd/2ba · $650,000
List Price
$650,000
Assumable Rate
3.6%
Remaining Balance
$264,065
Equity Gap
$455,218
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$455,218
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 6.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 3.6% + gap loan
$4,451/moAssumed loan: $1,201/mo
Gap financing: $3,250/mo
Your Savings on This Property
1843 Glencoe, Denver · 3.6% 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 ($455,218) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($422,718 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 1843 Glencoe.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.