Loan Comparison: 3.02% vs 6.5%
2682 Quintero, Aurora, CO 80013 · 4bd/3ba · $519,900
List Price
$519,900
Assumable Rate
3.02%
Remaining Balance
$357,971
Equity Gap
$161,107
Loan Type
VAAdjust Your Scenario
$25,995
$25,995$161,107
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.02% + gap loan
$2,552/moAssumed loan: $1,513/mo
Gap financing: $1,039/mo
$570less per month with the assumable
Your Savings on This Property
2682 Quintero, Aurora · 3.02% VA vs 6.5% conventional
$570
per month
$6,838
per year
$205,141
over 30 years
$204,319
interest saved
How gap financing works: The equity gap ($161,107) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,995, 5% of purchase price) and a second mortgage for the rest ($135,112 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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