Loan Comparison: 3.65% vs 6.5%
1191 Sable Boulevard, Aurora, CO 80012 · 4bd/3ba · $338,000
List Price
$338,000
Assumable Rate
3.65%
Remaining Balance
$215,231
Equity Gap
$122,769
Loan Type
VAAdjust Your Scenario
$16,900
$16,900$122,769
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.65% (VA)
Blended Rate: 4.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,030/moAssumable @ 3.65% + gap loan
$1,725/moAssumed loan: $985/mo
Gap financing: $740/mo
$305less per month with the assumable
Your Savings on This Property
1191 Sable Boulevard, Aurora · 3.65% VA vs 6.5% conventional
$305
per month
$3,657
per year
$109,701
over 30 years
$109,701
interest saved
How gap financing works: The equity gap ($122,769) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,900, 5% of purchase price) and a second mortgage for the rest ($105,869 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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