Loan Comparison: 4.52% vs 6.5%
20536 Flora Drive, Aurora, CO 80013 · 4bd/4ba · $685,000
List Price
$685,000
Assumable Rate
4.52%
Remaining Balance
$320,488
Equity Gap
$364,511
Loan Type
VAAdjust Your Scenario
$34,250
$34,250$364,511
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.52% (VA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 4.52% + gap loan
$3,937/moAssumed loan: $1,628/mo
Gap financing: $2,309/mo
$176less per month with the assumable
Your Savings on This Property
20536 Flora Drive, Aurora · 4.52% VA vs 6.5% conventional
$176
per month
$2,115
per year
$63,458
over 30 years
$63,457
interest saved
How gap financing works: The equity gap ($364,511) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,250, 5% of purchase price) and a second mortgage for the rest ($330,261 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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