Loan Comparison: 3.61% vs 6.5%
7440 Oregon, Lakewood, CO 80232 · 5bd/2ba · $525,000
List Price
$525,000
Assumable Rate
3.61%
Remaining Balance
$344,410
Equity Gap
$180,590
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$180,590
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (VA)
Blended Rate: 5.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.61% + gap loan
$2,755/moAssumed loan: $1,568/mo
Gap financing: $1,187/mo
$398less per month with the assumable
Your Savings on This Property
7440 Oregon, Lakewood · 3.61% VA vs 6.5% conventional
$398
per month
$4,775
per year
$143,251
over 30 years
$143,251
interest saved
How gap financing works: The equity gap ($180,590) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($154,340 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7440 Oregon.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.