Loan Comparison: 3.33% vs 6.5%
3754 Orleans Street, Aurora, CO 80013 · 3bd/3ba · $595,000
List Price
$595,000
Assumable Rate
3.33%
Remaining Balance
$417,323
Equity Gap
$177,676
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$177,676
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.33% (VA)
Blended Rate: 4.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 3.33% + gap loan
$2,869/moAssumed loan: $1,835/mo
Gap financing: $1,034/mo
$704less per month with the assumable
Your Savings on This Property
3754 Orleans Street, Aurora · 3.33% VA vs 6.5% conventional
$704
per month
$8,446
per year
$253,388
over 30 years
$253,387
interest saved
How gap financing works: The equity gap ($177,676) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($147,926 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 3754 Orleans Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.