Loan Comparison: 3.04% vs 6.5%
27620 Lakeview, Aurora, CO 80016 · 6bd/5ba · $1,125,000
List Price
$1,125,000
Assumable Rate
3.04%
Remaining Balance
$555,117
Equity Gap
$566,099
Loan Type
VAAdjust Your Scenario
$56,250
$56,250$566,099
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 5.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,755/moAssumable @ 3.04% + gap loan
$6,273/moAssumed loan: $2,352/mo
Gap financing: $3,920/mo
$483less per month with the assumable
Your Savings on This Property
27620 Lakeview, Aurora · 3.04% VA vs 6.5% conventional
$483
per month
$5,790
per year
$173,715
over 30 years
$169,931
interest saved
How gap financing works: The equity gap ($566,099) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($56,250, 5% of purchase price) and a second mortgage for the rest ($509,849 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 27620 Lakeview.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.