Loan Comparison: 3.9% vs 6.5%
24412 Evans, Aurora, CO 80018 · 3bd/2ba · $665,000
List Price
$665,000
Assumable Rate
3.9%
Remaining Balance
$623,967
Equity Gap
$34,098
Loan Type
VAAdjust Your Scenario
$33,250
$33,250$34,098
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.9% (VA)
Blended Rate: 3.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,993/moAssumable @ 3.9% + gap loan
$2,950/moAssumed loan: $2,943/mo
Gap financing: $7/mo
$1,044less per month with the assumable
Your Savings on This Property
24412 Evans, Aurora · 3.9% VA vs 6.5% conventional
$1,044
per month
$12,522
per year
$375,666
over 30 years
$368,731
interest saved
How gap financing works: The equity gap ($34,098) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,250, 5% of purchase price) and a second mortgage for the rest ($848 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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