Loan Comparison: 4.48% vs 6.5%
639 Galapago, Denver, CO 80204 · 3bd/2ba · $799,000
List Price
$799,000
Assumable Rate
4.48%
Remaining Balance
$741,442
Equity Gap
$57,558
Loan Type
VAAdjust Your Scenario
$39,950
$39,950$57,558
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,798/moAssumable @ 4.48% + gap loan
$3,883/moAssumed loan: $3,748/mo
Gap financing: $135/mo
$914less per month with the assumable
Your Savings on This Property
639 Galapago, Denver · 4.48% VA vs 6.5% conventional
$914
per month
$10,972
per year
$329,166
over 30 years
$329,166
interest saved
How gap financing works: The equity gap ($57,558) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,950, 5% of purchase price) and a second mortgage for the rest ($17,608 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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