Loan Comparison: 3.94% vs 6.5%
2127 Joplin Way, Aurora, CO 80013 · 3bd/2ba · $395,000
List Price
$395,000
Assumable Rate
3.94%
Remaining Balance
$126,252
Equity Gap
$268,747
Loan Type
VAAdjust Your Scenario
$19,750
$19,750$268,747
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.94% (VA)
Blended Rate: 6.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 3.94% + gap loan
$2,339/moAssumed loan: $598/mo
Gap financing: $1,741/mo
$32less per month with the assumable
Your Savings on This Property
2127 Joplin Way, Aurora · 3.94% VA vs 6.5% conventional
$32
per month
$389
per year
$11,673
over 30 years
$11,672
interest saved
How gap financing works: The equity gap ($268,747) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($248,997 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 2127 Joplin Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.