Loan Comparison: 3.875% vs 6.5%
4570 Quemoy, Aurora, CO 80019 · 2bd/2ba · $419,900
List Price
$419,900
Assumable Rate
3.875%
Remaining Balance
$386,368
Equity Gap
$33,531
Loan Type
VAAdjust Your Scenario
$20,995
$20,995$33,531
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.875% (VA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,521/moAssumable @ 3.875% + gap loan
$1,913/moAssumed loan: $1,817/mo
Gap financing: $96/mo
$608less per month with the assumable
Your Savings on This Property
4570 Quemoy, Aurora · 3.875% VA vs 6.5% conventional
$608
per month
$7,297
per year
$218,921
over 30 years
$218,920
interest saved
How gap financing works: The equity gap ($33,531) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,995, 5% of purchase price) and a second mortgage for the rest ($12,536 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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