Loan Comparison: 3.46% vs 6.5%
17572 Wesley Place, Aurora, CO 80013 · 3bd/2ba · $550,000
List Price
$550,000
Assumable Rate
3.46%
Remaining Balance
$251,038
Equity Gap
$298,961
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$298,961
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (VA)
Blended Rate: 5.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.46% + gap loan
$3,020/moAssumed loan: $1,122/mo
Gap financing: $1,898/mo
$283less per month with the assumable
Your Savings on This Property
17572 Wesley Place, Aurora · 3.46% VA vs 6.5% conventional
$283
per month
$3,393
per year
$101,803
over 30 years
$101,802
interest saved
How gap financing works: The equity gap ($298,961) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($271,461 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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