Loan Comparison: 5.22% vs 6.5%
1632 Rifle, Aurora, CO 80017 · 3bd/1ba · $390,000
List Price
$390,000
Assumable Rate
5.22%
Remaining Balance
$335,120
Equity Gap
$54,880
Loan Type
VAAdjust Your Scenario
$19,500
$19,500$54,880
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,342/moAssumable @ 5.22% + gap loan
$2,116/moAssumed loan: $1,844/mo
Gap financing: $272/mo
$225less per month with the assumable
Your Savings on This Property
1632 Rifle, Aurora · 5.22% VA vs 6.5% conventional
$225
per month
$2,705
per year
$81,161
over 30 years
$81,161
interest saved
How gap financing works: The equity gap ($54,880) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,500, 5% of purchase price) and a second mortgage for the rest ($35,380 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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