Loan Comparison: 3.875% vs 6.5%
4570 Quemoy, Aurora, CO 80019 · 2bd/2ba · $415,000
List Price
$415,000
Assumable Rate
3.875%
Remaining Balance
$385,660
Equity Gap
$22,576
Loan Type
VAAdjust Your Scenario
$20,750
$20,750$22,576
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.875% (VA)
Blended Rate: 3.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 3.875% + gap loan
$1,828/moAssumed loan: $1,814/mo
Gap financing: $14/mo
$664less per month with the assumable
Your Savings on This Property
4570 Quemoy, Aurora · 3.875% VA vs 6.5% conventional
$664
per month
$7,972
per year
$239,174
over 30 years
$232,410
interest saved
How gap financing works: The equity gap ($22,576) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,750, 5% of purchase price) and a second mortgage for the rest ($1,826 at 8.5%). 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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