Loan Comparison: 2.83% vs 6.5%
891 Fairplay, Aurora, CO 80012 · 2bd/3ba · $339,900
List Price
$339,900
Assumable Rate
2.83%
Remaining Balance
$287,900
Equity Gap
$52,000
Loan Type
VAAdjust Your Scenario
$16,995
$16,995$52,000
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 3.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 2.83% + gap loan
$1,457/moAssumed loan: $1,188/mo
Gap financing: $269/mo
$584less per month with the assumable
Your Savings on This Property
891 Fairplay, Aurora · 2.83% VA vs 6.5% conventional
$584
per month
$7,011
per year
$210,333
over 30 years
$210,333
interest saved
How gap financing works: The equity gap ($52,000) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($35,005 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.
🏠
Back to This Listing
View photos, details, and request a showing for 891 Fairplay.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.