Loan Comparison: 6.89% vs 6.5%
1337 Danube Court, Aurora, CO 80017 · 4bd/4ba · $274,900
List Price
$274,900
Assumable Rate
6.89%
Remaining Balance
$207,455
Equity Gap
$67,445
Loan Type
VAAdjust Your Scenario
$13,745
$13,745$67,445
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.89% (VA)
Blended Rate: 7.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 6.89% + gap loan
$1,740/moAssumed loan: $1,365/mo
Gap financing: $375/mo
Your Savings on This Property
1337 Danube Court, Aurora · 6.89% 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 ($67,445) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,745, 5% of purchase price) and a second mortgage for the rest ($53,700 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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