Loan Comparison: 3.75% vs 6.5%
3243 Kearney, Denver, CO 80207 · 10bd/5ba · $1,500,000
List Price
$1,500,000
Assumable Rate
3.75%
Remaining Balance
$1,169,743
Equity Gap
$334,703
Loan Type
VAAdjust Your Scenario
$75,000
$75,000$334,703
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,007/moAssumable @ 3.75% + gap loan
$7,414/moAssumed loan: $5,417/mo
Gap financing: $1,997/mo
$1,593less per month with the assumable
Your Savings on This Property
3243 Kearney, Denver · 3.75% VA vs 6.5% conventional
$1,593
per month
$19,114
per year
$573,414
over 30 years
$577,860
interest saved
How gap financing works: The equity gap ($334,703) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($75,000, 5% of purchase price) and a second mortgage for the rest ($259,703 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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