Loan Comparison: 2.88% vs 6.5%
8698 54th, Denver, CO 80238 · 4bd/4ba · $800,000
List Price
$800,000
Assumable Rate
2.88%
Remaining Balance
$614,005
Equity Gap
$184,612
Loan Type
VAAdjust Your Scenario
$40,000
$40,000$184,612
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 2.88% + gap loan
$3,661/moAssumed loan: $2,549/mo
Gap financing: $1,112/mo
$1,143less per month with the assumable
Your Savings on This Property
8698 54th, Denver · 2.88% VA vs 6.5% conventional
$1,143
per month
$13,712
per year
$411,363
over 30 years
$409,980
interest saved
How gap financing works: The equity gap ($184,612) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($144,612 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.