Loan Comparison: 6.9% vs 6.5%
22520 Ontario Drive, Aurora, CO 80016 · 5bd/2ba · $310,000
List Price
$310,000
Assumable Rate
6.9%
Remaining Balance
$236,959
Equity Gap
$73,041
Loan Type
VAAdjust Your Scenario
$15,500
$15,500$73,041
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.9% (VA)
Blended Rate: 7.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 6.9% + gap loan
$1,963/moAssumed loan: $1,561/mo
Gap financing: $402/mo
Your Savings on This Property
22520 Ontario Drive, Aurora · 6.9% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($73,041) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,500, 5% of purchase price) and a second mortgage for the rest ($57,541 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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