Loan Comparison: 2.71% vs 6.5%
19408 59th, Aurora, CO 80205 · 2bd/3ba · $500,000
List Price
$500,000
Assumable Rate
2.71%
Remaining Balance
$244,879
Equity Gap
$255,121
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$255,121
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.71% (VA)
Blended Rate: 5.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.71% + gap loan
$2,604/moAssumed loan: $995/mo
Gap financing: $1,609/mo
$399less per month with the assumable
Your Savings on This Property
19408 59th, Aurora · 2.71% VA vs 6.5% conventional
$399
per month
$4,785
per year
$143,556
over 30 years
$143,556
interest saved
How gap financing works: The equity gap ($255,121) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($230,121 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.
🏠
Back to This Listing
View photos, details, and request a showing for 19408 59th.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.