Loan Comparison: 7.07% vs 6.5%
21259 Layton Lane, Aurora, CO 80015 · 2bd/2ba · $700,000
List Price
$700,000
Assumable Rate
7.07%
Remaining Balance
$574,434
Equity Gap
$125,566
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$125,566
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.07% (VA)
Blended Rate: 7.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 7.07% + gap loan
$4,482/moAssumed loan: $3,849/mo
Gap financing: $633/mo
Your Savings on This Property
21259 Layton Lane, Aurora · 7.07% 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 ($125,566) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($90,566 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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