Loan Comparison: 3.23% vs 6.5%
8049 Jackson Gap Street, Aurora, CO 80016 · 4bd/3ba · $649,888
List Price
$649,888
Assumable Rate
3.23%
Remaining Balance
$441,743
Equity Gap
$208,144
Loan Type
VAAdjust Your Scenario
$32,494
$32,494$208,144
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 4.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,902/moAssumable @ 3.23% + gap loan
$3,146/moAssumed loan: $1,918/mo
Gap financing: $1,228/mo
$757less per month with the assumable
Your Savings on This Property
8049 Jackson Gap Street, Aurora · 3.23% VA vs 6.5% conventional
$757
per month
$9,078
per year
$272,351
over 30 years
$272,350
interest saved
How gap financing works: The equity gap ($208,144) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,494, 5% of purchase price) and a second mortgage for the rest ($175,650 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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