Loan Comparison: 3.35% vs 6.5%
16179 Flora Place, Aurora, CO 80013 · 1bd/1ba · $529,000
List Price
$529,000
Assumable Rate
3.35%
Remaining Balance
$119,084
Equity Gap
$409,915
Loan Type
VAAdjust Your Scenario
$26,450
$26,450$409,915
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (VA)
Blended Rate: 6.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,176/moAssumable @ 3.35% + gap loan
$3,206/moAssumed loan: $525/mo
Gap financing: $2,681/mo
Your Savings on This Property
16179 Flora Place, Aurora · 3.35% 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 ($409,915) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,450, 5% of purchase price) and a second mortgage for the rest ($383,465 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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