Loan Comparison: 3.9% vs 6.5%
24412 Evans, Aurora, CO 80018 · 3bd/2ba · $675,000
List Price
$675,000
Assumable Rate
3.9%
Remaining Balance
$624,947
Equity Gap
$50,053
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$50,053
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (VA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.9% + gap loan
$3,073/moAssumed loan: $2,948/mo
Gap financing: $125/mo
$980less per month with the assumable
Your Savings on This Property
24412 Evans, Aurora · 3.9% VA vs 6.5% conventional
$980
per month
$11,761
per year
$352,837
over 30 years
$352,837
interest saved
How gap financing works: The equity gap ($50,053) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($16,303 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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