Loan Comparison: 3.08% vs 6.5%
4100 Laredo Way, Aurora, CO 80013 · 4bd/2ba · $465,000
List Price
$465,000
Assumable Rate
3.08%
Remaining Balance
$351,813
Equity Gap
$113,187
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$113,187
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.08% + gap loan
$2,127/moAssumed loan: $1,498/mo
Gap financing: $629/mo
$665less per month with the assumable
Your Savings on This Property
4100 Laredo Way, Aurora · 3.08% VA vs 6.5% conventional
$665
per month
$7,978
per year
$239,338
over 30 years
$239,338
interest saved
How gap financing works: The equity gap ($113,187) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($89,937 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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