Loan Comparison: 3.23% vs 6.5%
7250 Eastmoor, Denver, CO 80237 · 2bd/2ba · $300,000
List Price
$300,000
Assumable Rate
3.23%
Remaining Balance
$254,054
Equity Gap
$45,365
Loan Type
VAAdjust Your Scenario
$15,000
$15,000$45,365
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 3.23% + gap loan
$1,336/moAssumed loan: $1,103/mo
Gap financing: $233/mo
$465less per month with the assumable
Your Savings on This Property
7250 Eastmoor, Denver · 3.23% VA vs 6.5% conventional
$465
per month
$5,580
per year
$167,415
over 30 years
$166,834
interest saved
How gap financing works: The equity gap ($45,365) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($30,365 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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