Loan Comparison: 5.52% vs 6.5%
1121 Joplin, Aurora, CO 80017 · 4bd/3ba · $559,900
List Price
$559,900
Assumable Rate
5.52%
Remaining Balance
$438,119
Equity Gap
$121,781
Loan Type
VAAdjust Your Scenario
$27,995
$27,995$121,781
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,362/moAssumable @ 5.52% + gap loan
$3,214/moAssumed loan: $2,493/mo
Gap financing: $721/mo
$148less per month with the assumable
Your Savings on This Property
1121 Joplin, Aurora · 5.52% VA vs 6.5% conventional
$148
per month
$1,773
per year
$53,199
over 30 years
$53,199
interest saved
How gap financing works: The equity gap ($121,781) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,995, 5% of purchase price) and a second mortgage for the rest ($93,786 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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