Loan Comparison: 3.45% vs 6.5%
5368 Argonne, Denver, CO 80249 · 3bd/2ba · $435,000
List Price
$435,000
Assumable Rate
3.45%
Remaining Balance
$258,553
Equity Gap
$175,870
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$175,870
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.45% + gap loan
$2,339/moAssumed loan: $1,154/mo
Gap financing: $1,185/mo
$273less per month with the assumable
Your Savings on This Property
5368 Argonne, Denver · 3.45% VA vs 6.5% conventional
$273
per month
$3,278
per year
$98,337
over 30 years
$97,760
interest saved
How gap financing works: The equity gap ($175,870) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($154,120 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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