Loan Comparison: 7.44% vs 6.5%
7582 Sicily Way, Aurora, CO 80016 · 4bd/2ba · $455,000
List Price
$455,000
Assumable Rate
7.44%
Remaining Balance
$431,392
Equity Gap
$23,608
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$23,608
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.44% (VA)
Blended Rate: 7.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 7.44% + gap loan
$3,005/moAssumed loan: $2,999/mo
Gap financing: $6/mo
Your Savings on This Property
7582 Sicily Way, Aurora · 7.44% 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 ($23,608) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($858 at 7.5%). 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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