Loan Comparison: 4.28% vs 6.5%
23850 Ontario Place, Aurora, CO 80016 · 3bd/3ba · $925,000
List Price
$925,000
Assumable Rate
4.28%
Remaining Balance
$397,979
Equity Gap
$527,021
Loan Type
VAAdjust Your Scenario
$46,250
$46,250$527,021
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.28% (VA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,554/moAssumable @ 4.28% + gap loan
$5,326/moAssumed loan: $1,965/mo
Gap financing: $3,362/mo
$228less per month with the assumable
Your Savings on This Property
23850 Ontario Place, Aurora · 4.28% VA vs 6.5% conventional
$228
per month
$2,734
per year
$82,031
over 30 years
$82,031
interest saved
How gap financing works: The equity gap ($527,021) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,250, 5% of purchase price) and a second mortgage for the rest ($480,771 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.
🏠
Back to This Listing
View photos, details, and request a showing for 23850 Ontario Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.