Loan Comparison: 3.66% vs 6.5%
1085 Lafayette, Denver, CO 80218 · 2bd/2ba · $479,600
List Price
$479,600
Assumable Rate
3.66%
Remaining Balance
$235,313
Equity Gap
$263,676
Loan Type
VAAdjust Your Scenario
$23,980
$23,980$263,676
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.66% (VA)
Blended Rate: 6.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,880/moAssumable @ 3.66% + gap loan
$2,921/moAssumed loan: $1,078/mo
Gap financing: $1,843/mo
Your Savings on This Property
1085 Lafayette, Denver · 3.66% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$4,623
interest saved
How gap financing works: The equity gap ($263,676) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,980, 5% of purchase price) and a second mortgage for the rest ($239,696 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 1085 Lafayette.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.