Loan Comparison: 2.74% vs 6.5%
172 Lowell, Denver, CO 80219 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
2.74%
Remaining Balance
$199,032
Equity Gap
$250,502
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$250,502
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 2.74% + gap loan
$2,565/moAssumed loan: $811/mo
Gap financing: $1,753/mo
$137less per month with the assumable
Your Savings on This Property
172 Lowell, Denver · 2.74% VA vs 6.5% conventional
$137
per month
$1,650
per year
$49,491
over 30 years
$49,025
interest saved
How gap financing works: The equity gap ($250,502) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($228,002 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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