Loan Comparison: 6.5% vs 6.5%

1107 Sable Boulevard, Aurora, CO 80011 · 4bd/3ba · $465,000

List Price
$465,000
Assumable Rate
6.5%
Remaining Balance
$410,290
Equity Gap
$54,709
Loan Type
VA

Adjust Your Scenario

$23,250
$23,250$54,709
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.57%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,792/mo
Assumable @ 6.5% + gap loan
$2,813/mo
Assumed loan: $2,593/mo
Gap financing: $220/mo

Your Savings on This Property

1107 Sable Boulevard, Aurora · 6.5% 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 ($54,709) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($31,459 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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