Loan Comparison: 2.76% vs 6.5%
7961 Langdale Way, Aurora, CO 80016 · 2bd/1ba · $1,675,000
List Price
$1,675,000
Assumable Rate
2.76%
Remaining Balance
$1,064,212
Equity Gap
$610,788
Loan Type
VAAdjust Your Scenario
$83,750
$83,750$610,788
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 4.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,058/moAssumable @ 2.76% + gap loan
$8,035/moAssumed loan: $4,350/mo
Gap financing: $3,685/mo
$2,022less per month with the assumable
Your Savings on This Property
7961 Langdale Way, Aurora · 2.76% VA vs 6.5% conventional
$2,022
per month
$24,270
per year
$728,088
over 30 years
$728,088
interest saved
How gap financing works: The equity gap ($610,788) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($83,750, 5% of purchase price) and a second mortgage for the rest ($527,038 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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