Loan Comparison: 2.68% vs 6.5%
17391 Layton Drive, Aurora, CO 80015 · 5bd/4ba · $399,000
List Price
$399,000
Assumable Rate
2.68%
Remaining Balance
$301,101
Equity Gap
$97,899
Loan Type
VAAdjust Your Scenario
$19,950
$19,950$97,899
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 3.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 2.68% + gap loan
$1,763/moAssumed loan: $1,218/mo
Gap financing: $545/mo
$633less per month with the assumable
Your Savings on This Property
17391 Layton Drive, Aurora · 2.68% VA vs 6.5% conventional
$633
per month
$7,593
per year
$227,787
over 30 years
$227,787
interest saved
How gap financing works: The equity gap ($97,899) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,950, 5% of purchase price) and a second mortgage for the rest ($77,949 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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