Loan Comparison: 2.89% vs 6.5%
1865 Downing, Denver, CO 80210 · 3bd/3ba · $849,500
List Price
$849,500
Assumable Rate
2.89%
Remaining Balance
$510,123
Equity Gap
$431,059
Loan Type
VAAdjust Your Scenario
$42,475
$42,475$431,059
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,101/moAssumable @ 2.89% + gap loan
$5,108/moAssumed loan: $2,121/mo
Gap financing: $2,988/mo
Your Savings on This Property
1865 Downing, Denver · 2.89% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$88,988
interest saved
How gap financing works: The equity gap ($431,059) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,475, 5% of purchase price) and a second mortgage for the rest ($388,584 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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