Loan Comparison: 2.25% vs 6.5%
25168 Ellsworth Place, Aurora, CO 80018 · 2bd/2ba · $559,900
List Price
$559,900
Assumable Rate
2.25%
Remaining Balance
$266,698
Equity Gap
$293,202
Loan Type
VAAdjust Your Scenario
$27,995
$27,995$293,202
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 4.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,362/moAssumable @ 2.25% + gap loan
$2,874/moAssumed loan: $1,019/mo
Gap financing: $1,854/mo
$488less per month with the assumable
Your Savings on This Property
25168 Ellsworth Place, Aurora · 2.25% VA vs 6.5% conventional
$488
per month
$5,858
per year
$175,749
over 30 years
$175,749
interest saved
How gap financing works: The equity gap ($293,202) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,995, 5% of purchase price) and a second mortgage for the rest ($265,207 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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