Loan Comparison: 3.88% vs 6.5%
13777 Marina, Aurora, CO 80014 · 3bd/3ba · $425,000
List Price
$425,000
Assumable Rate
3.88%
Remaining Balance
$169,804
Equity Gap
$254,359
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$254,359
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.88% (VA)
Blended Rate: 6.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 3.88% + gap loan
$2,591/moAssumed loan: $799/mo
Gap financing: $1,792/mo
Your Savings on This Property
13777 Marina, Aurora · 3.88% 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 ($254,359) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($233,109 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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