Loan Comparison: 6.76% vs 6.5%
7266 Robertsdale Way, Aurora, CO 80016 ยท 6bd/4ba ยท $789,000
List Price
$789,000
Assumable Rate
6.76%
Remaining Balance
$545,633
Equity Gap
$243,367
Loan Type
VAAdjust Your Scenario
$39,450
$39,450$243,367
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.76% (VA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,738/moAssumable @ 6.76% + gap loan
$4,968/moAssumed loan: $3,543/mo
Gap financing: $1,426/mo
Your Savings on This Property
7266 Robertsdale Way, Aurora ยท 6.76% 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 ($243,367) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,450, 5% of purchase price) and a second mortgage for the rest ($203,917 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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