Loan Comparison: 3.42% vs 6.5%
22780 Heritage Parkway, Aurora, CO 80016 · 4bd/2ba · $699,000
List Price
$699,000
Assumable Rate
3.42%
Remaining Balance
$67,705
Equity Gap
$631,295
Loan Type
VAAdjust Your Scenario
$34,950
$34,950$631,295
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.42% (VA)
Blended Rate: 7.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,197/moAssumable @ 3.42% + gap loan
$4,471/moAssumed loan: $301/mo
Gap financing: $4,170/mo
Your Savings on This Property
22780 Heritage Parkway, Aurora · 3.42% 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 ($631,295) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,950, 5% of purchase price) and a second mortgage for the rest ($596,345 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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