Loan Comparison: 5.41% vs 6.5%
1172 Coolidge Circle, Aurora, CO 80018 · 3bd/4ba · $485,000
List Price
$485,000
Assumable Rate
5.41%
Remaining Balance
$404,389
Equity Gap
$80,611
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$80,611
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 5.41% + gap loan
$2,667/moAssumed loan: $2,273/mo
Gap financing: $394/mo
$245less per month with the assumable
Your Savings on This Property
1172 Coolidge Circle, Aurora · 5.41% VA vs 6.5% conventional
$245
per month
$2,939
per year
$88,155
over 30 years
$88,155
interest saved
How gap financing works: The equity gap ($80,611) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($56,361 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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