Loan Comparison: 3.72% vs 6.5%
91 Sable Boulevard, Aurora, CO 80012 ยท 2bd/2ba ยท $165,000
List Price
$165,000
Assumable Rate
3.72%
Remaining Balance
$118,798
Equity Gap
$46,201
Loan Type
VAAdjust Your Scenario
$8,250
$8,250$46,201
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 4.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$991/moAssumable @ 3.72% + gap loan
$814/moAssumed loan: $548/mo
Gap financing: $265/mo
$177less per month with the assumable
Your Savings on This Property
91 Sable Boulevard, Aurora ยท 3.72% VA vs 6.5% conventional
$177
per month
$2,127
per year
$63,812
over 30 years
$63,811
interest saved
How gap financing works: The equity gap ($46,201) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($8,250, 5% of purchase price) and a second mortgage for the rest ($37,951 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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