Loan Comparison: 6% vs 6.5%
1331 Xanadu, Aurora, CO 80011 · 15bd/8ba · $1,590,000
List Price
$1,590,000
Assumable Rate
6%
Remaining Balance
$0
Equity Gap
$1,590,000
Loan Type
VAAdjust Your Scenario
$79,500
$79,500$1,590,000
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6% (VA)
Blended Rate: 8.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,547/moAssumable @ 6% + gap loan
$11,614/moAssumed loan: $0/mo
Gap financing: $11,614/mo
Your Savings on This Property
1331 Xanadu, Aurora · 6% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($1,590,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($79,500, 5% of purchase price) and a second mortgage for the rest ($1,510,500 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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