Loan Comparison: 2.68% vs 6.5%
6934 Fultondale Circle, Aurora, CO 80016 ยท 5bd/5ba ยท $749,900
List Price
$749,900
Assumable Rate
2.68%
Remaining Balance
$382,929
Equity Gap
$366,971
Loan Type
VAAdjust Your Scenario
$37,495
$37,495$366,971
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 2.68% + gap loan
$3,853/moAssumed loan: $1,549/mo
Gap financing: $2,304/mo
$650less per month with the assumable
Your Savings on This Property
6934 Fultondale Circle, Aurora ยท 2.68% VA vs 6.5% conventional
$650
per month
$7,800
per year
$234,010
over 30 years
$234,010
interest saved
How gap financing works: The equity gap ($366,971) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,495, 5% of purchase price) and a second mortgage for the rest ($329,476 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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