Loan Comparison: 3.47% vs 6.5%
5042 Valdai Way, Aurora, CO 80015 · 4bd/2ba · $700,000
List Price
$700,000
Assumable Rate
3.47%
Remaining Balance
$345,984
Equity Gap
$354,016
Loan Type
VAAdjust Your Scenario
$35,000
$35,000$354,016
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 3.47% + gap loan
$3,778/moAssumed loan: $1,548/mo
Gap financing: $2,231/mo
$425less per month with the assumable
Your Savings on This Property
5042 Valdai Way, Aurora · 3.47% VA vs 6.5% conventional
$425
per month
$5,098
per year
$152,932
over 30 years
$152,932
interest saved
How gap financing works: The equity gap ($354,016) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($319,016 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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