Loan Comparison: 5.52% vs 6.5%
16214 47th, Denver, CO 80239 · 3bd/3ba · $399,900
List Price
$399,900
Assumable Rate
5.52%
Remaining Balance
$336,641
Equity Gap
$63,259
Loan Type
VAAdjust Your Scenario
$19,995
$19,995$63,259
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,401/moAssumable @ 5.52% + gap loan
$2,248/moAssumed loan: $1,916/mo
Gap financing: $333/mo
$153less per month with the assumable
Your Savings on This Property
16214 47th, Denver · 5.52% VA vs 6.5% conventional
$153
per month
$1,835
per year
$55,065
over 30 years
$55,065
interest saved
How gap financing works: The equity gap ($63,259) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,995, 5% of purchase price) and a second mortgage for the rest ($43,264 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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