Loan Comparison: 6.89% vs 6.5%
2639 Danube Way, Aurora, CO 80013 · 4bd/4ba · $549,500
List Price
$549,500
Assumable Rate
6.89%
Remaining Balance
$460,094
Equity Gap
$89,405
Loan Type
VAAdjust Your Scenario
$27,475
$27,475$89,405
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.89% (VA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,300/moAssumable @ 6.89% + gap loan
$3,460/moAssumed loan: $3,027/mo
Gap financing: $433/mo
Your Savings on This Property
2639 Danube Way, Aurora · 6.89% 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 ($89,405) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,475, 5% of purchase price) and a second mortgage for the rest ($61,930 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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