Loan Comparison: 4.05% vs 6.5%
100 Park, Denver, CO 80205 · 1bd/1ba · $285,000
List Price
$285,000
Assumable Rate
4.05%
Remaining Balance
$247,875
Equity Gap
$37,125
Loan Type
VAAdjust Your Scenario
$14,250
$14,250$37,125
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (VA)
Blended Rate: 4.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 4.05% + gap loan
$1,366/moAssumed loan: $1,191/mo
Gap financing: $176/mo
$345less per month with the assumable
Your Savings on This Property
100 Park, Denver · 4.05% VA vs 6.5% conventional
$345
per month
$4,139
per year
$124,159
over 30 years
$124,159
interest saved
How gap financing works: The equity gap ($37,125) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,250, 5% of purchase price) and a second mortgage for the rest ($22,875 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.