Loan Comparison: 5.84% vs 6.5%
8823 Quemoy, Aurora, CO 80016 · 4bd/5ba · $975,000
List Price
$975,000
Assumable Rate
5.84%
Remaining Balance
$707,442
Equity Gap
$266,672
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$266,672
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.84% (VA)
Blended Rate: 6.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 5.84% + gap loan
$5,845/moAssumed loan: $4,169/mo
Gap financing: $1,676/mo
$10less per month with the assumable
Your Savings on This Property
8823 Quemoy, Aurora · 5.84% VA vs 6.5% conventional
$10
per month
$119
per year
$3,572
over 30 years
$2,686
interest saved
How gap financing works: The equity gap ($266,672) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($217,922 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 8823 Quemoy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.