Loan Comparison: 3.16% vs 6.5%
3025 Yampa Way, Aurora, CO 80013 · 3bd/2ba · $440,000
List Price
$440,000
Assumable Rate
3.16%
Remaining Balance
$252,560
Equity Gap
$187,439
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$187,439
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (VA)
Blended Rate: 4.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 3.16% + gap loan
$2,243/moAssumed loan: $1,087/mo
Gap financing: $1,157/mo
$399less per month with the assumable
Your Savings on This Property
3025 Yampa Way, Aurora · 3.16% VA vs 6.5% conventional
$399
per month
$4,783
per year
$143,478
over 30 years
$143,477
interest saved
How gap financing works: The equity gap ($187,439) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($165,439 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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