Loan Comparison: 4.47% vs 6.5%
1786 Cape, Denver, CO 80232 · 4bd/2ba · $599,000
List Price
$599,000
Assumable Rate
4.47%
Remaining Balance
$401,746
Equity Gap
$197,254
Loan Type
VAAdjust Your Scenario
$29,950
$29,950$197,254
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (VA)
Blended Rate: 5.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 4.47% + gap loan
$3,315/moAssumed loan: $2,028/mo
Gap financing: $1,286/mo
$282less per month with the assumable
Your Savings on This Property
1786 Cape, Denver · 4.47% VA vs 6.5% conventional
$282
per month
$3,383
per year
$101,494
over 30 years
$101,494
interest saved
How gap financing works: The equity gap ($197,254) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($167,304 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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