Loan Comparison: 3.69% vs 6.5%
972 Pitkin, Aurora, CO 80017 · 2bd/2ba · $265,000
List Price
$265,000
Assumable Rate
3.69%
Remaining Balance
$200,957
Equity Gap
$64,042
Loan Type
VAAdjust Your Scenario
$13,250
$13,250$64,042
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,591/moAssumable @ 3.69% + gap loan
$1,314/moAssumed loan: $924/mo
Gap financing: $391/mo
$277less per month with the assumable
Your Savings on This Property
972 Pitkin, Aurora · 3.69% VA vs 6.5% conventional
$277
per month
$3,322
per year
$99,666
over 30 years
$99,665
interest saved
How gap financing works: The equity gap ($64,042) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,250, 5% of purchase price) and a second mortgage for the rest ($50,792 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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