Loan Comparison: 7.06% vs 6.5%
3796 Fairplay Way, Aurora, CO 80014 · 2bd/1ba · $439,900
List Price
$439,900
Assumable Rate
7.06%
Remaining Balance
$326,068
Equity Gap
$113,831
Loan Type
VAAdjust Your Scenario
$21,995
$21,995$113,831
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.06% (VA)
Blended Rate: 7.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 7.06% + gap loan
$2,825/moAssumed loan: $2,182/mo
Gap financing: $642/mo
Your Savings on This Property
3796 Fairplay Way, Aurora · 7.06% 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 ($113,831) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($91,836 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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