Loan Comparison: 3.6% vs 6.5%
658 Yarrow, Lakewood, CO 80226 · 2bd/3ba · $499,500
List Price
$499,500
Assumable Rate
3.6%
Remaining Balance
$175,197
Equity Gap
$324,302
Loan Type
VAAdjust Your Scenario
$24,975
$24,975$324,302
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 6.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,999/moAssumable @ 3.6% + gap loan
$3,098/moAssumed loan: $797/mo
Gap financing: $2,302/mo
Your Savings on This Property
658 Yarrow, Lakewood · 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 ($324,302) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,975, 5% of purchase price) and a second mortgage for the rest ($299,327 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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