Loan Comparison: 4.04% vs 6.5%
3039 Victor Street, Aurora, CO 80011 · 2bd/2ba · $415,000
List Price
$415,000
Assumable Rate
4.04%
Remaining Balance
$100,531
Equity Gap
$314,468
Loan Type
VAAdjust Your Scenario
$20,750
$20,750$314,468
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.04% (VA)
Blended Rate: 6.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 4.04% + gap loan
$2,536/moAssumed loan: $482/mo
Gap financing: $2,054/mo
Your Savings on This Property
3039 Victor Street, Aurora · 4.04% 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 ($314,468) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,750, 5% of purchase price) and a second mortgage for the rest ($293,718 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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