Loan Comparison: 2.76% vs 6.5%
7961 Langdale, Aurora, CO 80016 · 7bd/7ba · $1,875,000
List Price
$1,875,000
Assumable Rate
2.76%
Remaining Balance
$1,076,350
Equity Gap
$796,238
Loan Type
VAAdjust Your Scenario
$93,750
$93,750$796,238
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 5.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$11,259/moAssumable @ 2.76% + gap loan
$9,801/moAssumed loan: $4,400/mo
Gap financing: $5,402/mo
$1,457less per month with the assumable
Your Savings on This Property
7961 Langdale, Aurora · 2.76% VA vs 6.5% conventional
$1,457
per month
$17,489
per year
$524,657
over 30 years
$522,245
interest saved
How gap financing works: The equity gap ($796,238) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($93,750, 5% of purchase price) and a second mortgage for the rest ($702,488 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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