Loan Comparison: 4.2% vs 6.5%
1680 112th, Denver, CO 80233 · 3bd/2ba · $450,000
List Price
$450,000
Assumable Rate
4.2%
Remaining Balance
$274,599
Equity Gap
$174,723
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$174,723
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (VA)
Blended Rate: 5.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.2% + gap loan
$2,513/moAssumed loan: $1,343/mo
Gap financing: $1,170/mo
$189less per month with the assumable
Your Savings on This Property
1680 112th, Denver · 4.2% VA vs 6.5% conventional
$189
per month
$2,265
per year
$67,965
over 30 years
$67,287
interest saved
How gap financing works: The equity gap ($174,723) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($152,223 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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