Loan Comparison: 6.82% vs 6.5%
1878 Fundy Way, Aurora, CO 80017 · 2bd/2ba · $450,000
List Price
$450,000
Assumable Rate
6.82%
Remaining Balance
$422,574
Equity Gap
$27,425
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$27,425
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.82% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 6.82% + gap loan
$2,795/moAssumed loan: $2,760/mo
Gap financing: $34/mo
Your Savings on This Property
1878 Fundy Way, Aurora · 6.82% 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 ($27,425) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($4,925 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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