Loan Comparison: 7.03% vs 6.5%
212 Uriah Street, Aurora, CO 80018 · 1bd/1ba · $549,900
List Price
$549,900
Assumable Rate
7.03%
Remaining Balance
$384,624
Equity Gap
$165,275
Loan Type
VAAdjust Your Scenario
$27,495
$27,495$165,275
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.03% (VA)
Blended Rate: 7.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 7.03% + gap loan
$3,530/moAssumed loan: $2,567/mo
Gap financing: $963/mo
Your Savings on This Property
212 Uriah Street, Aurora · 7.03% 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 ($165,275) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($137,780 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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