Loan Comparison: 2.22% vs 6.5%
6563 Little River, Aurora, CO 80016 · 5bd/5ba · $872,500
List Price
$872,500
Assumable Rate
2.22%
Remaining Balance
$325,693
Equity Gap
$544,676
Loan Type
VAAdjust Your Scenario
$43,625
$43,625$544,676
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.22% (VA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,239/moAssumable @ 2.22% + gap loan
$5,093/moAssumed loan: $1,240/mo
Gap financing: $3,853/mo
$146less per month with the assumable
Your Savings on This Property
6563 Little River, Aurora · 2.22% VA vs 6.5% conventional
$146
per month
$1,757
per year
$52,716
over 30 years
$50,585
interest saved
How gap financing works: The equity gap ($544,676) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,625, 5% of purchase price) and a second mortgage for the rest ($501,051 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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