Loan Comparison: 3.87% vs 6.5%
1960 Marion, Denver, CO 80210 · 4bd/3ba · $1,300,000
List Price
$1,300,000
Assumable Rate
3.87%
Remaining Balance
$1,275,000
Equity Gap
$126,825
Loan Type
VAAdjust Your Scenario
$65,000
$65,000$126,825
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.87% (VA)
Blended Rate: 4.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,806/moAssumable @ 3.87% + gap loan
$6,467/moAssumed loan: $5,992/mo
Gap financing: $475/mo
$1,339less per month with the assumable
Your Savings on This Property
1960 Marion, Denver · 3.87% VA vs 6.5% conventional
$1,339
per month
$16,065
per year
$481,962
over 30 years
$583,787
interest saved
How gap financing works: The equity gap ($126,825) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($65,000, 5% of purchase price) and a second mortgage for the rest ($61,825 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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