Loan Comparison: 3.85% vs 6.5%
2522 Moline, Aurora, CO 80010 · 2bd/3ba · $650,000
List Price
$650,000
Assumable Rate
3.85%
Remaining Balance
$463,976
Equity Gap
$185,065
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$185,065
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.85% (VA)
Blended Rate: 5.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 3.85% + gap loan
$3,348/moAssumed loan: $2,175/mo
Gap financing: $1,173/mo
$555less per month with the assumable
Your Savings on This Property
2522 Moline, Aurora · 3.85% VA vs 6.5% conventional
$555
per month
$6,657
per year
$199,717
over 30 years
$198,758
interest saved
How gap financing works: The equity gap ($185,065) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($152,565 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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