Loan Comparison: 6.72% vs 6.5%
6980 Yantley Court, Aurora, CO 80016 · 3bd/4ba · $1,180,000
List Price
$1,180,000
Assumable Rate
6.72%
Remaining Balance
$913,085
Equity Gap
$266,915
Loan Type
VAAdjust Your Scenario
$59,000
$59,000$266,915
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.72% (VA)
Blended Rate: 6.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,085/moAssumable @ 6.72% + gap loan
$7,358/moAssumed loan: $5,904/mo
Gap financing: $1,454/mo
Your Savings on This Property
6980 Yantley Court, Aurora · 6.72% 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 ($266,915) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($59,000, 5% of purchase price) and a second mortgage for the rest ($207,915 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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