Loan Comparison: 2.72% vs 6.5%
3206 Vaughn Street, Aurora, CO 80019 · 3bd/3ba · $464,900
List Price
$464,900
Assumable Rate
2.72%
Remaining Balance
$239,230
Equity Gap
$225,670
Loan Type
VAAdjust Your Scenario
$23,245
$23,245$225,670
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.72% (VA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.72% + gap loan
$2,388/moAssumed loan: $973/mo
Gap financing: $1,415/mo
$403less per month with the assumable
Your Savings on This Property
3206 Vaughn Street, Aurora · 2.72% VA vs 6.5% conventional
$403
per month
$4,840
per year
$145,201
over 30 years
$145,201
interest saved
How gap financing works: The equity gap ($225,670) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,245, 5% of purchase price) and a second mortgage for the rest ($202,425 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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