Loan Comparison: 6.5% vs 6.5%
11680 Cedar Avenue, Aurora, CO 80012 · 4bd/3ba · $275,000
List Price
$275,000
Assumable Rate
6.5%
Remaining Balance
$194,108
Equity Gap
$80,891
Loan Type
VAAdjust Your Scenario
$13,750
$13,750$80,891
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 6.5% + gap loan
$1,696/moAssumed loan: $1,227/mo
Gap financing: $469/mo
Your Savings on This Property
11680 Cedar Avenue, Aurora · 6.5% 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 ($80,891) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,750, 5% of purchase price) and a second mortgage for the rest ($67,141 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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