Loan Comparison: 3.45% vs 6.5%
1012 Zeno, Aurora, CO 80017 · 4bd/2ba · $375,000
List Price
$375,000
Assumable Rate
3.45%
Remaining Balance
$354,288
Equity Gap
$20,711
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$20,711
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 3.45% + gap loan
$1,596/moAssumed loan: $1,581/mo
Gap financing: $15/mo
$656less per month with the assumable
Your Savings on This Property
1012 Zeno, Aurora · 3.45% VA vs 6.5% conventional
$656
per month
$7,867
per year
$236,025
over 30 years
$236,024
interest saved
How gap financing works: The equity gap ($20,711) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($1,961 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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