Loan Comparison: 3.75% vs 6.5%
2165 Orion, Lakewood, CO 80228 · 4bd/4ba · $1,099,900
List Price
$1,099,900
Assumable Rate
3.75%
Remaining Balance
$808,580
Equity Gap
$290,071
Loan Type
VAAdjust Your Scenario
$54,995
$54,995$290,071
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 3.75% + gap loan
$5,552/moAssumed loan: $3,745/mo
Gap financing: $1,808/mo
$1,052less per month with the assumable
Your Savings on This Property
2165 Orion, Lakewood · 3.75% VA vs 6.5% conventional
$1,052
per month
$12,628
per year
$378,835
over 30 years
$377,586
interest saved
How gap financing works: The equity gap ($290,071) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($54,995, 5% of purchase price) and a second mortgage for the rest ($235,076 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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