Loan Comparison: 6.5% vs 6.5%
14251 1st Drive, Aurora, CO 80011 · 4bd/3ba · $294,900
List Price
$294,900
Assumable Rate
6.5%
Remaining Balance
$264,037
Equity Gap
$30,862
Loan Type
VAAdjust Your Scenario
$14,745
$14,745$30,862
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,771/moAssumable @ 6.5% + gap loan
$1,782/moAssumed loan: $1,669/mo
Gap financing: $113/mo
Your Savings on This Property
14251 1st Drive, 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 ($30,862) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,745, 5% of purchase price) and a second mortgage for the rest ($16,117 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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