Loan Comparison: 5.52% vs 6.5%
152 Biloxi Way, Aurora, CO 80018 · 3bd/2ba · $595,000
List Price
$595,000
Assumable Rate
5.52%
Remaining Balance
$448,836
Equity Gap
$146,164
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$146,164
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 5.52% + gap loan
$3,368/moAssumed loan: $2,554/mo
Gap financing: $814/mo
$205less per month with the assumable
Your Savings on This Property
152 Biloxi Way, Aurora · 5.52% VA vs 6.5% conventional
$205
per month
$2,456
per year
$73,694
over 30 years
$73,694
interest saved
How gap financing works: The equity gap ($146,164) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($116,414 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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