Loan Comparison: 2.89% vs 6.5%
3701 46th, Denver, CO 80211 · 4bd/2ba · $810,000
List Price
$810,000
Assumable Rate
2.89%
Remaining Balance
$633,834
Equity Gap
$382,069
Loan Type
VAAdjust Your Scenario
$40,500
$40,500$382,069
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,864/moAssumable @ 2.89% + gap loan
$5,261/moAssumed loan: $2,635/mo
Gap financing: $2,626/mo
Your Savings on This Property
3701 46th, Denver · 2.89% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$62,831
interest saved
How gap financing works: The equity gap ($382,069) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,500, 5% of purchase price) and a second mortgage for the rest ($341,569 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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