Loan Comparison: 4.12% vs 6.5%
9155 Center, Denver, CO 80247 · 2bd/2ba · $204,900
List Price
$204,900
Assumable Rate
4.12%
Remaining Balance
$74,955
Equity Gap
$130,175
Loan Type
VAAdjust Your Scenario
$10,245
$10,245$130,175
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.12% (VA)
Blended Rate: 6.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,230/moAssumable @ 4.12% + gap loan
$1,285/moAssumed loan: $363/mo
Gap financing: $922/mo
Your Savings on This Property
9155 Center, Denver · 4.12% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($130,175) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,245, 5% of purchase price) and a second mortgage for the rest ($119,930 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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