Loan Comparison: 2.54% vs 6.5%
3437 63rd, Denver, CO 80221 · 2bd/3ba · $440,000
List Price
$440,000
Assumable Rate
2.54%
Remaining Balance
$385,123
Equity Gap
$54,876
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$54,876
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.54% (VA)
Blended Rate: 3.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.54% + gap loan
$1,783/moAssumed loan: $1,530/mo
Gap financing: $253/mo
$860less per month with the assumable
Your Savings on This Property
3437 63rd, Denver · 2.54% VA vs 6.5% conventional
$860
per month
$10,314
per year
$309,432
over 30 years
$309,431
interest saved
How gap financing works: The equity gap ($54,876) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($32,876 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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