Loan Comparison: 3.02% vs 6.5%
17774 Arizona Place, Aurora, CO 80017 · 2bd/3ba · $449,000
List Price
$449,000
Assumable Rate
3.02%
Remaining Balance
$347,178
Equity Gap
$101,821
Loan Type
VAAdjust Your Scenario
$22,450
$22,450$101,821
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 3.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,696/moAssumable @ 3.02% + gap loan
$2,022/moAssumed loan: $1,467/mo
Gap financing: $555/mo
$674less per month with the assumable
Your Savings on This Property
17774 Arizona Place, Aurora · 3.02% VA vs 6.5% conventional
$674
per month
$8,084
per year
$242,514
over 30 years
$242,513
interest saved
How gap financing works: The equity gap ($101,821) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,450, 5% of purchase price) and a second mortgage for the rest ($79,371 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.
🏠
Back to This Listing
View photos, details, and request a showing for 17774 Arizona Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.