Loan Comparison: 2.74% vs 6.5%
2836 Vaughn Way, Aurora, CO 80014 · 2bd/3ba · $369,999
List Price
$369,999
Assumable Rate
2.74%
Remaining Balance
$147,897
Equity Gap
$222,102
Loan Type
VAAdjust Your Scenario
$18,500
$18,500$222,102
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,222/moAssumable @ 2.74% + gap loan
$2,027/moAssumed loan: $603/mo
Gap financing: $1,424/mo
$195less per month with the assumable
Your Savings on This Property
2836 Vaughn Way, Aurora · 2.74% VA vs 6.5% conventional
$195
per month
$2,341
per year
$70,238
over 30 years
$70,238
interest saved
How gap financing works: The equity gap ($222,102) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,500, 5% of purchase price) and a second mortgage for the rest ($203,602 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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