Loan Comparison: 6.63% vs 6.5%
25481 Ottawa Drive, Aurora, CO 80016 · 4bd/4ba · $720,000
List Price
$720,000
Assumable Rate
6.63%
Remaining Balance
$630,318
Equity Gap
$89,681
Loan Type
VAAdjust Your Scenario
$36,000
$36,000$89,681
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.63% (VA)
Blended Rate: 6.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,323/moAssumable @ 6.63% + gap loan
$4,413/moAssumed loan: $4,038/mo
Gap financing: $375/mo
Your Savings on This Property
25481 Ottawa Drive, Aurora · 6.63% 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 ($89,681) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,000, 5% of purchase price) and a second mortgage for the rest ($53,681 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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