Loan Comparison: 3.67% vs 6.5%
941 Zion Street, Aurora, CO 80011 · 2bd/2ba · $430,000
List Price
$430,000
Assumable Rate
3.67%
Remaining Balance
$165,964
Equity Gap
$264,035
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$264,035
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 3.67% + gap loan
$2,457/moAssumed loan: $761/mo
Gap financing: $1,696/mo
$125less per month with the assumable
Your Savings on This Property
941 Zion Street, Aurora · 3.67% VA vs 6.5% conventional
$125
per month
$1,501
per year
$45,024
over 30 years
$45,023
interest saved
How gap financing works: The equity gap ($264,035) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($242,535 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 941 Zion Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.