Loan Comparison: 3.33% vs 6.5%
100 Park, Denver, CO 80205 · 1bd/1ba · $300,000
List Price
$300,000
Assumable Rate
3.33%
Remaining Balance
$260,691
Equity Gap
$39,309
Loan Type
VAAdjust Your Scenario
$15,000
$15,000$39,309
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.33% (VA)
Blended Rate: 3.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 3.33% + gap loan
$1,333/moAssumed loan: $1,146/mo
Gap financing: $187/mo
$468less per month with the assumable
Your Savings on This Property
100 Park, Denver · 3.33% VA vs 6.5% conventional
$468
per month
$5,621
per year
$168,645
over 30 years
$168,645
interest saved
How gap financing works: The equity gap ($39,309) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($24,309 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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