Loan Comparison: 4% vs 6.5%
103 Aurelia Street, Palmer Lake, CO 80133 · 4bd/2ba · $559,000
List Price
$559,000
Assumable Rate
4%
Remaining Balance
$469,731
Equity Gap
$89,269
Loan Type
VAAdjust Your Scenario
$27,950
$27,950$89,269
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,357/moAssumable @ 4% + gap loan
$2,671/moAssumed loan: $2,243/mo
Gap financing: $429/mo
$685less per month with the assumable
Your Savings on This Property
103 Aurelia Street, Palmer Lake · 4% VA vs 6.5% conventional
$685
per month
$8,223
per year
$246,700
over 30 years
$246,700
interest saved
How gap financing works: The equity gap ($89,269) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,950, 5% of purchase price) and a second mortgage for the rest ($61,319 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 103 Aurelia Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.