Loan Comparison: 3.63% vs 6.5%
163 Jamestown Way, Aurora, CO 80018 · 3bd/3ba · $590,000
List Price
$590,000
Assumable Rate
3.63%
Remaining Balance
$210,157
Equity Gap
$379,842
Loan Type
VAAdjust Your Scenario
$29,500
$29,500$379,842
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.63% (VA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,543/moAssumable @ 3.63% + gap loan
$3,409/moAssumed loan: $959/mo
Gap financing: $2,450/mo
$134less per month with the assumable
Your Savings on This Property
163 Jamestown Way, Aurora · 3.63% VA vs 6.5% conventional
$134
per month
$1,609
per year
$48,270
over 30 years
$48,269
interest saved
How gap financing works: The equity gap ($379,842) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,500, 5% of purchase price) and a second mortgage for the rest ($350,342 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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