Loan Comparison: 5.86% vs 6.5%
4974 Fundy, Denver, CO 80249 · 3bd/3ba · $440,000
List Price
$440,000
Assumable Rate
5.86%
Remaining Balance
$199,207
Equity Gap
$331,257
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$331,257
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.86% (VA)
Blended Rate: 7.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 5.86% + gap loan
$3,554/moAssumed loan: $1,176/mo
Gap financing: $2,378/mo
Your Savings on This Property
4974 Fundy, Denver · 5.86% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($331,257) 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 ($309,257 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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