Loan Comparison: 2.75% vs 6.5%
4694 Ouray Way, Aurora, CO 80015 · 3bd/2ba · $515,000
List Price
$515,000
Assumable Rate
2.75%
Remaining Balance
$469,390
Equity Gap
$45,610
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$45,610
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.75% (VA)
Blended Rate: 2.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 2.75% + gap loan
$2,055/moAssumed loan: $1,916/mo
Gap financing: $139/mo
$1,037less per month with the assumable
Your Savings on This Property
4694 Ouray Way, Aurora · 2.75% VA vs 6.5% conventional
$1,037
per month
$12,447
per year
$373,423
over 30 years
$373,423
interest saved
How gap financing works: The equity gap ($45,610) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($19,860 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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