Loan Comparison: 5.25% vs 6.5%
760 Shawnee Street, Aurora, CO 80018 · 2bd/2ba · $485,000
List Price
$485,000
Assumable Rate
5.25%
Remaining Balance
$412,917
Equity Gap
$72,082
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$72,082
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (VA)
Blended Rate: 5.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 5.25% + gap loan
$2,615/moAssumed loan: $2,280/mo
Gap financing: $334/mo
$298less per month with the assumable
Your Savings on This Property
760 Shawnee Street, Aurora · 5.25% VA vs 6.5% conventional
$298
per month
$3,572
per year
$107,158
over 30 years
$107,157
interest saved
How gap financing works: The equity gap ($72,082) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($47,832 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 760 Shawnee Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.