Loan Comparison: 7.07% vs 6.5%
3347 Laredo Court, Aurora, CO 80013 · 2bd/3ba · $450,000
List Price
$450,000
Assumable Rate
7.07%
Remaining Balance
$426,163
Equity Gap
$23,837
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$23,837
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.07% (VA)
Blended Rate: 7.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 7.07% + gap loan
$2,865/moAssumed loan: $2,855/mo
Gap financing: $9/mo
Your Savings on This Property
3347 Laredo Court, 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 ($23,837) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($1,337 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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