Loan Comparison: 5.52% vs 6.5%
166 Newton, Denver, CO 80219 · 2bd/1ba · $549,900
List Price
$549,900
Assumable Rate
5.52%
Remaining Balance
$380,863
Equity Gap
$173,964
Loan Type
VAAdjust Your Scenario
$27,495
$27,495$173,964
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 5.52% + gap loan
$3,293/moAssumed loan: $2,167/mo
Gap financing: $1,126/mo
$8less per month with the assumable
Your Savings on This Property
166 Newton, Denver · 5.52% VA vs 6.5% conventional
$8
per month
$101
per year
$3,044
over 30 years
$7,971
interest saved
How gap financing works: The equity gap ($173,964) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($146,469 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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