Loan Comparison: 6.5% vs 6.5%
24281 40th Avenue, Aurora, CO 80019 · 2bd/3ba · $574,950
List Price
$574,950
Assumable Rate
6.5%
Remaining Balance
$530,551
Equity Gap
$44,398
Loan Type
VAAdjust Your Scenario
$28,748
$28,748$44,398
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,452/moAssumable @ 6.5% + gap loan
$3,463/moAssumed loan: $3,353/mo
Gap financing: $109/mo
Your Savings on This Property
24281 40th Avenue, Aurora · 6.5% 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 ($44,398) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,748, 5% of purchase price) and a second mortgage for the rest ($15,650 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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